Once you create your will, you will likely make changes in the future. This is because your needs will change, and you need to make sure that your current plan is updated. When creating a new will, you need to get rid of your old and outdated documents. Take a look at the following information, to learn more. If you have any questions, or if you’d like to update your current will, contact an estate planning attorney.
If you’ve decided to make changes to your current will by creating a new will altogether, you want to make sure that you destroy old copies of your documents. It can cause a lot of problems or confusion in the future, if you have old documents lying around. If you want your wishes to always be respected, you should only have current documents available.
A will contest, or challenge of a will, may occur if others feel that your updated documents aren’t accurate. Challenges are easier to do if you have old planning documents available. Your old will may be taken to court along with the newer one, in order to determine which is valid. Your beneficiaries may be confused about your wishes and may feel that a will contest is necessary.
Your attorney can work with you to make changes by creating an entirely new will. He or she can also guide you on the best way to destroy your will. Make sure that your current wishes are respected, by only having copies of current documents. This includes getting rid of old copies that friends and family members may have. Don’t make it possible for your wishes to be ignored.
If you have any questions, of if you’d like to review your current will, consult with a qualified estate planning attorney.
- How Estate Planning for a Family May Trap the Unwary Practitioner - August 31, 2022
- State Income Taxation of Social Security Benefits - August 24, 2022
- Understanding Tax Apportionment Clauses - August 17, 2022