Your local Colchester Solicitors, John Fowlers, explain exactly why you should review your Will after marriage.
As it's officially wedding season, we wanted to remind you of the importance of reviewing your Will after marriage. Life can be unpredictable with many changes that can occur — marriage is one of them! Because it can change your family dynamic, make sure you're leaving your assets to the right people.
How to review your will?
We suggest you review your Will every three to five years or at certain milestones in life. Initially, it's important to ask yourself these questions:
- Is there anyone you want to add to your document?
- Is there anyone you want to remove from your document?
- Have the circumstances changed of any individuals listed?
- Are you happy with how your assets are divided?
If there are changes to be made, then it's time to get in touch with one of our Wills solicitors to help you start this process. Birth, death, marriage and divorce are all occasions when you should review your Will.
Why should you have a will?
If you haven't already drafted a will, it is arguably the most important thing you can do for yourself and your family. It will spell out exactly how you would like your assets handled after you've passed and can include who will be guardians of your minor children.
What happens if you don't make a Will?
If you don't make a Will and you pass away your estate will be classed as 'intestate'. The law will then get to decide who gets what and how much of your assets despite what your relationship with those people was like when you were alive.
Discover further information about Wills and the process.
If you'd like to speak to Chris Andrews one of our Will solicitors, please get in touch!