If you are organized enough to make a will, congratulations! Having a will is one of the most important things you can do, especially if you have assets and children. However, what many people do not realize is that, if there is a change going on in your life or your family, you really should be updating your will. As we move through life, our circumstances may change, affecting what may happen when we die. Here are some reasons why you might need to make a new will:
If you have an unmarried partner who you want to inherit your estate
If you re-marry, older children from previous relationships will not inherit unless you update your will
When a child is born and you wish to appoint a guardian
If you inherit or buy property or are fortunate enough to receive a windfall
In the case of divorce, the old will may not be automatically cancelled
You have a step-child or foster children that you want to inherit from your estate
If a spouse dies and the current will leaves the estate to them
If a person dies without a will, any estate will be divided in accordance with the law. What this means is that your loved ones have little or no say over what happens or what is received from the estate. For help with funerals, contact a Funeral Directors Essex at a site like https://www.tcribb.co.uk/
For those with children, making a will is very important. It is usually the last thing on the minds of people when they are busy getting to grips with the trials and tribulations of looking after children. However, should you die when the children are under the age of 18, having an up-to-date will mean that parents can choose who they want to act as a guardian for their children.
How do you know if a will is not valid?
When a will hasn’t been witnessed or signed correctly, it is invalid. In England, Wales and Northern Ireland, 2 witnesses are required, and these witnesses must be there in the room during the actual signing. The witnesses do not need any special status, they simply need to assent to witnessing the signing, although they should not have a personal interest in the will (as the beneficiaries or the receipt of any money or goods) or it can invalidate it. A person must be over 18 to make a will. For those in Scotland, anyone over the age of 12 can write a will and usually only one witness is required. In some circumstances, even be no witnesses can still be considered as valid.