How Often Should I Update My Will?


Video Summary

Hi.  I’m Chip Waller.  How often should you update your will?  Well, the question is answered by saying when there’s been a change in circumstances: in the event that you have a death in your family, in the event that you relocate, in the event that there’s a birth in the family, grandchildren, or when you have sold property that you had left to someone in particular.  So anytime there is a change in your circumstances, that’s the time to update your will.

I suggest that you review your will at least once a year in order to look at it to see if that’s what you wanted to say, and whether or not there have been any changes in circumstances since you’ve made out your will.  If so, then give us a call and we’ll be glad to update your will.

In addition to your will, you might want to check in on whether or not you have a living will ,which says that you don’t want your life prolonged artificially; a healthcare surrogate, which is a healthcare power of attorney; a HIPAA waiver, which authorizes someone to make medical decisions for you if you’re unable to do so; and also a Durable Power of Attorney, which could be executed to help you in the event that you would lose your mental or physical capacity, and authorize someone else to transact business for you.

So if you have any questions about your will or any of your estate planning documents, give me a call at (727) 847-2288.  Thank you.