5 Reasons to Consider Changing Your Will

Reasons to change your will are multiple in number and diverse in nature. Obviously, if you are an 85 year old man who has just married a 22 year old girl, you will want to change your will for one reason or another before you become an 85 year old man who never lived to reach 86. Bad marriages, jerky offspring and friendly waiters aside, you might want to consider changing your will for any of the following reasons.

Spousal Death
The death of a spouse is most definitely a time to consider changing your will. Just keep in mind that it may not be the best idea to change that will in the first few weeks or even months following the passage from this life to the next. You will be emotionally fragile and more subject to manipulation by those with a vested interest in seeing you change your will.

Divorce
A kind of death that can sometimes be even more emotionally upsetting should also key you into making changes to your will. The legal status of divorce in almost all cases mandates an automatic revocation of any proviso in the will that relates to the former spouse. Upon a divorce, in addition to making sure your former husband or wife can’t get their hands on the Porsche, you should look into setting up some trusts for your kids in case you happen to expire before they reach maturity. Any trust already in place that positions the spouse that was as the trustee or, especially, the beneficiary, should become a thing of interest.

Marriage
You don’t have to be some 85 year old man marrying that 22 year old girl for wedded bliss to affect the status of your will. When you get married, you want to make sure that you have provided for the new spouse rather than taking a powder from mortality with an intestate status.

Remarriage
A prenuptial agreement isn’t as crazy or unromantic as it once was. Okay, it is unromantic, but not crazy. A second or third or fourth marriage automatically complicates issues related to your will simply by virtue of quantity. New spouses can mean combined families with stepkids that must be taken into consideration. Kids that went off with your spouse and that you only seen once a year may come to mean less to you than your new spouse’s kids who seem to genuinely enjoy your company. It may result in bad feelings and contesting of the will, but there is certainly no law that says biological kids have to get a better deal in the will than adopted kids. If you are planning on leaving a little something to the spouse who was, then making a will that specifies this should definitely not be something you leave as an issue to blindside the current spouse. Do that and you can almost guarantee infighting that will place a blight upon what you had hoped would go much more smoothly.


Moving to a New State
Laws regarding wills vary from one state to another. What you hoped to accomplish with your will in Kansas may not be what results if you die in Nevada. A change of scenery may also result in a change of possessions. When you lived in Kansas, you probably didn’t have a boat to leave to someone, but if you moved to Florida that is something that could most definitely have changed.


Make a one-time donation

Choose an amount

$2.00
$5.00
$10.00

Or enter a custom amount

$

Your contribution is appreciated.

Donate