Is your Will up-to-date?
How often do you need to revisit your estate plan?
As life changes, so should your Will and it’s a good idea to review your Will and estate plan regularly to accurately reflect your current wishes (we recommend every 3-5 years). You may need to update your Will when you marry or divorce, have a child or grandchild, a beneficiary has passed away, or you sell or acquire an asset.
A review does not necessarily mean that a change is required, but does ensure that changes in circumstances are not overlooked.
Reasons you may need to update your Will include:
- You have acquired or disposed of assets (especially an asset left to someone specific in your Will)
- You have married, divorced or entered into a significant domestic or de facto relationship
- You have a new child, grandchild or stepchild
- One of your children has divorced, separated or entered into a significant relationship
- Your children now have stepchildren
- You have retired
- You have changed your name
- Your spouse or partner has died
- One of your beneficiaries has died or become incapacitated
- You no longer want to make a provision for a beneficiary mentioned in your Will
The Public Trustee’s experienced team can work with you to ensure your Will remains up to date. Appointments can be made on 1800 068 784.