Chayet & Danzo, LLC Chayet & Danzo, LLC www.Coloradoelderlaw.com
Call for a Free Initial Consultation
Direct303-872-5980
Toll-Free 1-888-472-1088
Email Us
Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

Where there's a will, there's a way: Part 1, Revocation

In estate planning, the will is one of the most important documents involved in the plan. Any person should that holds assets or has any amount of wealth should consider drafting a will. Once that will is drafted, though, you shouldn't think that you're set for the rest of your life. Life-changing events can occur, and with these events may come the need to alter your will in some way.

There are many actions someone can take towards their will, and we will get to those over the coming weeks. But today, let's focus on just one: revocation.

Revoking a will is a common act by many people who are looking after their estate. It can happen because of marriage or a divorce; because of the birth of a new child, or the death of a loved one or family member; because of a change of heart, or due to the actions or behaviors or another. There are many reasons to revoke your will.

In order to revoke your will, you will need to perform just one of many potential acts. You could destroy your will. If you go with this option, make sure your act of destruction is in accordance with state laws. Burn it, rip it, send it through the paper shredder -- whatever officially destroys the will is good enough, so long as it is in line with the law.

Another way to revoke your will is to create a new will. Your new will will supercede the old will, and thus revoke the stipulations of the old will. This is easier, in many respects, than destroying a will. You can draw inspiration from your current will to create the new one, and once properly drafted and complete, the new will simply overrides the old one.

Last but not least, you can change your current will in some very critical ways. As a result, your amended will, now called a "codicil," will revoke the rules and stipulations provided by the language in your old will.

In our next post, we will look changing your will, and what impact those changes can have on your will and your beneficiaries.

Source: FindLaw, "How to Revoke a Will," Accessed Sept. 9, 2015

No Comments

Leave a comment
Comment Information

Watch Our Firm Video

We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

View More Videos

Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Phone: 303-872-5980
Fax: 303-355-8501
Denver Law Office Map

Edwards Office
105 Edwards Village Blvd.
#D-201
Edwards, CO 81632

Toll Free: 888-472-1088
Fax: 303-355-8501
Edwards Law Office Map

Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
  • Proud Sponsor 2015-Denver Colorado Senior Law Day
  • Peer Review Rated For Ethical standards & Legal Ability TM Martindale Hubbell
  • Haystack