Honouring Life’s Big Moments with an Up-to-Date Will

The festive season is all about celebration – twinkling lights, family gatherings, and maybe even a little dancing! But as life moves to a new rhythm with each milestone, have your legal documents kept in step? It’s essential that your will and other key plans evolve gracefully with life’s changes.

Why updates matter

Your will and other important legal documents, such as Lasting Powers of Attorney, aren’t something to prepare once and then forget. While a legal professional should advise you to consider back-up provisions for unforeseen events, these documents should always reflect your current circumstances and wishes – which naturally change over time.

It’s easy to push reviewing and updating these to the bottom of your to-do list, but delaying could leave you vulnerable. If you pass away or become mentally incapacitated without updating your legal documents, it may sadly be too late to ensure your wishes are followed.

Common life events – when to review legal documents

Key milestones that should prompt a review include:

Marriage or civil partnership

Did you know marriage automatically revokes your existing will (unless it includes specific provisions for marriage)? Without an update, your wishes could be invalidated and your estate distributed differently than you originally intended.

Having children or grandchildren

Having children or grandchildren enter your life is the perfect time to check guardianship provisions, update beneficiaries and make plans for gifts in your will to protect your growing family.

Property changes

Buying or selling property can affect inheritance tax planning and asset distribution. It’s also vital to confirm ownership arrangements to ensure that your property passes as intended.

Divorce or separation

Sadly, relationships may change over the course of your life, in which case it’s likely that so should your will. Failing to update it could mean an ex-partner inherits unexpectedly and certain loved ones missed out.

The risk of standing still

Outdated documents can lead to costly disputes and delays. Imagine planning the perfect Christmas party but running out of time to send your invitations – chaos ensues! Similarly, failing to update your will can leave loved ones in a legal tangle at what can already be a difficult time.

How we can help

Our team can review your existing documents and advise on updates tailored to your circumstances. We’ll ensure your wishes are clear, legally sound, and tax-efficient – so you can focus on celebrating life’s milestones without worry.

Ready to review your will or LPA? Contact us today and let’s make sure your plans are in step with your life.

Frequently asked questions 

1. How often should I review my will or LPA?

It’s recommended to review your documents every 3–5 years or whenever a major life event occurs. Regular reviews ensure your wishes, appointments, and assets are still accurately reflected.

2. Do I need a solicitor to update my will, or can I do it myself?

While you technically do not need to use a solicitor to update your will, this area of law is complex, and even simple mistakes can make your will invalid or cause disputes. A solicitor ensures updates are legally correct and fully reflect your intentions.

3. What happens if I don’t update my will after a major life change?

Your will may no longer reflect your current wishes, potentially leaving loved ones unprotected. This can also result in legal complications, delays, and unintended beneficiaries.

4. Does marriage really revoke a will? Are there any exceptions?

Yes, marriage normally revokes an existing will unless it was written “in contemplation of marriage.” Without an update, you may be treated as having no valid will at all.

5. What if I’ve separated but not legally divorced, do I still need to update my will?

Yes, separation does not remove an ex-partner from your will. Until you revise the document or legally divorce, they may still inherit under your current terms.

6. When should I update my Lasting Power of Attorney (LPA)?

You should review your LPA if your chosen attorneys’ circumstances change or if your relationship with them shifts. It’s important that the people acting for you are still appropriate and trusted.

7. What if the people named in my will are no longer suitable?

If executors, guardians, or beneficiaries are no longer appropriate, for example due to death, conflict, or life changes, then you should update your will. This ensures the right people are involved and your wishes are carried out smoothly.

8. Do I need to update my will if I buy property abroad or inherit new assets?

Yes, acquiring significant new assets can affect how your estate should be distributed. Property abroad can also require additional legal considerations or separate planning.

9. Does moving home or refinancing a mortgage require a will update?

Moving or refinancing can change the structure of your estate and how assets pass on death. It’s a good time to check that your will still reflects your financial situation and intentions.

10. How long does it take to update a will or LPA?

The process can be quick, especially for straightforward updates, often completed within days or weeks. More complex changes may take longer, but a solicitor can give clear timelines.

11. How much does it typically cost to update my legal documents?

Costs vary depending on the complexity of your estate and the changes required. Simple amendments are generally affordable, and a solicitor can provide a clear quote before work begins.

12. Can I add or remove beneficiaries from my will easily?

Yes, beneficiaries can be updated through a codicil or a new will. A professional ensures the changes are legally binding and avoid future disputes.

13. What other documents should I review alongside my will?

It’s wise to review LPAs, life insurance policies, pension nominations, and any trust arrangements at the same time. Coordinating these documents ensures your plans remain consistent and up to date.

14. Do life events affect inheritance tax planning?

Major changes, such as marriage, property purchases, or having children can significantly affect inheritance tax exposure. Regular reviews help optimise tax planning and avoid surprises.

15. What if I can’t find my original will?

If the original document can’t be located, it may cause delays or complications in administering your estate. A solicitor can help you recreate or replace your will to ensure everything is legally secure.