About a month ago, we concluded our three-part series on wills, and the many different situations that can arise with this important document. We talked about the changes you can make to a will; the ways in which you can revoke your will; and the legal challenges that can mount as a result of the execution of your will.
That last part is a very important matter to consider. When you pass away, your estate will be a nest egg for your surviving family. But if you don’t have the necessary provisions included in your will, and if you fail to update your will from time to time, it is very possible that certain heirs or family members will feel slighted by your will. As a result, a messy legal battle could ensue.
That is the last thing you want, even though you won’t be here to see it. You want to pass on the necessary and fair assets of your estate to your loved ones — and you don’t want them spending money and countless hours arguing with one another in court.
This is why the will is such an important document, and why creating one must be done so only after must consideration and thought. Then, once your will is complete, you will need to make sure that your will is frequently updated, given what life events may occur over the years and how your relationships with people may change. To ensure these steps are completed properly and in a timely manner, you should consult with an attorney.
Source: FindLaw, “Making a Will,” Accessed Oct. 26, 2015