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When is it Time to Review Your Will?

On Behalf of | Feb 18, 2019 | Firm News

Creating a will is never an enjoyable task, though it is an important one to protect your family and your estate. Once you create a will, it is all too easy to forget about it for years to come. This can be a big mistake, however, as different life events may render some of your original will provisions invalid or undesirable. While it is always a good idea to review your will with an experienced attorney every year or so, there are certain events upon which you should always review your will. These include but are not limited to the following.

Marriage – Georgia’s laws regarding spousal inheritance are different from any state in the U.S. If you have a will prior to marriage, you want to amend it to include your spouse as a primary beneficiary.

Children – Not only might you want to designate children as beneficiaries, but you can also use your will to name legal guardians for your children in case something happens to you and their other parent.

Divorce – While a divorce will disinherit your spouse automatically, you may want to change your personal representative designation if it was your spouse and name a new legal guardian for your children if necessary.

Windfalls – If you suddenly come into money, you may want to change the provisions of your will to address the extra assets and property in your estate.

Contact a Greensboro Estate Planning Lawyer to Discuss Your Situation

Estate plans are complex and should be revisited on a regular basis. If you have any questions or concerns about creating a new estate plan or modifying existing documents, Georgia estate planning attorney E.J. Boswell is here to help. Please call 706-417-8299 or contact us online to request a free consultation.