Creating a will is an important move in any person’s life. No matter at what age you write it, you can experience significant changes in your life in the years to come. It is because of this that it is important to revisit a will to see if it needs to be updated. Continue reading below to learn more about how this is done and contact an experienced Michigan estate planning attorney for assistance.
Why Would I Update a Will?
The general rule of thumb with a last will and testament is that it should be revisited about every three to five years. This allows you to make sure it is still in accordance with your desires for the future of your estate. Over the years, you may experience certain gains or losses. This may be financially or physically. For example, you may get or lose a job, or you may have an addition or loss in the family. These situations warrant the updating of a will.
How do I Change a Will?
If you revisit your will and want to update it, there are different options to do so. This can include the following:
- Amend it with a codicil. If you are making a minor change to a will you already have, a codicil can accomplish this. This is a document attached to the original will, stating the changes you wish to make. This can explain, modify, or revoke part of a will. When writing a codicil, you are required to abide by the same execution laws as an original will. This ensures it is valid. Make sure the codicil does not cause further confusion or conflict with the original will.
- Creating a new will. Depending on the individual, it may be easier to revoke an original will and draft a new one instead of writing a codicil. For many, it can be simpler to go online, make the necessary changes, and print out a new will. This eliminates possible conflicts between an old will and a codicil. Be sure you revoke the old will so it cannot be used instead of the new one when your life is over.
Contact our Firm
Sometimes, divorce, family, and estate matters are difficult to navigate. Fortunately, they do not have to be with the assistance of a compassionate, knowledgeable attorney who is willing to guide you every step of the way. If you need a seasoned firm to help you with any divorce, family or estate-related matter, please do not hesitate to contact Collis & Griffor today to schedule a consultation.