Creating a well-rounded estate plan is something that everyone must do in their lives. Doing so will not only benefit you, but it will also benefit your loved ones when you pass. Fortunately, with the assistance of an experienced Pennsylvania estate planning attorney, creating an estate plan does not have to be a challenging process. That being said, though you may wish to simply create your estate plan and be done with it, this is not the case. Part of any comprehensive estate plan is ensuring that you update your will regularly, and especially when a major life event occurs. Our firm can help you with this as well. Please continue reading and speak with our knowledgeable Pennsylvania estate planning attorneys to learn more about updating your will and how our firm can help. Here are some of the questions you may have:
Why do I have to update my will?
When you do not update your will after a major life event, your assets may not be distributed as you would have wished upon your passing. For example, if you recently had a child, you will want to update your will to include your child as a beneficiary on your will. Additionally, if someone who was initially a beneficiary in your will passes away, you should take that person out of your will and rearrange who will get which assets when you pass. In other cases, if you get a divorce, for example, you may wish to remove your former spouse as a beneficiary of your will and ensure your assets are passed down to another loved one instead.
What is a codicil?
If you want to amend, clarify, or change the terms of your will, your estate planning attorney can write a codicil, which is an addition to your will. You will sign the codicil in front of two adult witnesses, and from there, your will should be updated and ready for anything the future holds. If you have any additional questions about updating your will, or you are ready to do so yourself, all you have to do is pick up the phone and give our seasoned Pennsylvania estate planning attorneys a call today. We are always here to help.
Contact our experienced Pennsylvania firm
Whether you are dealing with matters involving estate planning, estate administration, or elder law, you need a legal team you can feel confident will represent your best interests, every step of the way. We are that legal team. Contact Heritage Elder Law & Estate Planning today so we can get started.