When Should I Consider Updating My Will?

Will, Power of Attorney and Guardianship Package

ON SALE - 25% off only $550 inc gst * T&C's apply

Start Now

Personal Injury
Free Online Claim Check

No win, no fee* - check your claim now in under 5 minutes

Start Now

Free Workers Compensation Online Claim Check

Check your claim now in under 5 minutes

Start Now

You should review your Will regularly. It may be that your circumstances have changed and your Will no longer suits your circumstances.

It is recommended you consider updating or restructuring your Will in the following circumstances:

Where there have been changes to your asset pool or the nature of your assets;

  • Changes to any of your intentions, or the need for sophisticated estate planning;
  • Significant changes in your financial situation which may impact on your will wishes, including acquiring and disposing of assets;
  • The individuals named in your will are now deceased, including executors, beneficiaries or guardians;
  • Entering into business arrangements or structures that may affect your financial situation;
  • Changes in your lifestyle, including health and retirement;
  • Changes in your family relationship structure, including: Marriage, Divorce, Defacto Relationship, Birth of a child, Adoption and Blended family scenarios.

If you would like to discuss your, Will, Probate, Estate Planning or Contested Estate with one of our solicitors, please do not hesitate to contact our office on 1800 600 664, or send a message by completing the contact form.

At Taylor & Scott Lawyers Experience. Commitment. Results.


Previous Article Next Article

Related Articles

are DIY wills valid

Are do it yourself Wills Valid? A Simple Breakdown of DIY Wills

A DIY Will is any Will not prepared formally by a lawyer. Any "homemade" Will your executor submits to the court for probate is likely to be scrutinised.
Read more
Make Your Will Difficult to Contest

Make Your Will Difficult to Contest

Each time you update your Will, you’ll want peace of mind knowing your assets will be distributed as intended. There are several administrative measures you can take before your passing to make contesting your Will diffi...
Read more
Reasons to Review your Will this Year

6 Reasons to Review your Will in 2023

Your Will provides instructions on how you would like to have your estate distributed after your death. A will not only communicates your final wishes but allows you to provide for your loved ones in the event of your de...
Read more

What are the most important things to know about Wills and Probate?

The death of a loved one is distressing and painful. After their loss, you may be tasked with managing their finances and distributing their assets. This process of administering an estate is known as Probate. It’s a ser...
Read more

What is a Family Provision Claim and What Does it Entail?

When a family member passes and has left a Will, it’s not uncommon for the estate to be divided unfairly among the recipients. In fact, we’ve dealt with many cases where beneficiaries have had to contest a Will for being...
Read more

Top 3 Reasons Why You Should Always Consult a Lawyer for Estate Administration.

When someone passes, the person nominated in their Will as an executor takes ownership of their estate and is responsible for administering everything to the beneficiaries as outlined in the Will. Comparatively, if the p...
Read more

Things to Consider When Contesting an Estate Plan

Having a loved one pass away is never an easy thing to deal with, but then discovering that you’ve been left out of their Will, or the provisions are inadequate can really exacerbate your grief and cause a lot of stress ...
Read more

What Does the Role of an Executor of a Will Entail?

The role of an executor in a Will is of utmost importance. Given the person who has passed has put all of their trust in the person they’ve nominated to take care of a lifetime’s worth of assets accordingly, there’s a lo...
Read more