When Should You Update Your Will?

by | Apr 20, 2021 | Wills

For many adults, creating a will is necessary to ensure that their assets and family are taken care of after they pass away. Between creating an after-life plan and managing the distribution of personal assets such as property or finances, it is important to establish a will and consult an experienced legal professional on the document.

However, those who already have their will created may not realize that they need to update and maintain it periodically to ensure that the information in the document is correct and still adheres to their wishes. Below, we discuss different circumstances and situations when updating your will is vital, as well as related documents for emergency or end-of-life care.

Updating your Will after Life-Changing Events

Certain moments in your life are so important that they can change everything for both you and your family. These major life changes should be reflected in your will if they affect you or your loved ones in a significant way. Examples of these important changes or events that may lead to you updating your will include:

  • Having children
  • Having grandchildren
  • Getting married
  • Getting divorced
  • Death of a spouse or partner
  • Health problems
  • Moving to a new state 
  • Obtaining large sums of money or property

Depending on the life event, your will can be updated to include new information such as additional beneficiaries or assets. For example, if your son or daughter has recently been married, you may want to update the will to reflect a name change or to include their new spouse.

Other circumstances where you would adjust the information in your will are related to updated laws in your state, charitable donations, or a recent inheritance of assets. You can also update your will to include instructions for the care of your young child if you pass away, as well as naming a guardian for them. If you feel unsure about when to update the information in your will, speak with a lawyer you can trust who will walk you through the entire process step-by-step.

Do I Need a Living Will?

One common concern among adults is whether or not to create a living will for themselves in the event of poor health or serious injury. A living will, otherwise known as an advance directive or a directive to physicians, is a legal document that instructs family members and other medical staff on which actions should be taken for their health in the event that they are no longer to make decisions.

This document, which should be read in conjunction with a durable power of attorney, is just as important as a will that governs your assets. In a living will, you have the opportunity to decide which life-saving treatments you want to use and which ones you want to avoid, as well as other preferences for medical decisions like pain management or organ donation. 

Living wills can be especially important for those who have chronic health problems or are considered high-risk for certain conditions, as well as anyone who hopes to ensure that their wishes are respected if they require prolonged medical care. Much like a standard will, a living will should be updated and reviewed after major life events to ensure that your wishes are still the same.

Do I Need a Durable Power of Attorney?

Legally, power of attorney allows someone else to manage finances and assets on your behalf. When that power of attorney is considered durable, that same individual helps to manage your healthcare according to your wishes if you are unable to do so on your own as a result of an injury or medical condition. 

A durable power of attorney is utilized alongside a living will—even if you are expected to recover from the condition that is incapacitating you—because it outlines the steps that you want to take regarding your medical treatment. This can include surgeries you hope to avoid, medications you do not want to be administered (such as muscle relaxants or opioids), or any other method of treatment or therapy. 

Work with a Respected Will Lawyer in Orlando

Guaranteeing that both your family and assets will be taken care of after you pass away is an important part of life, and when it comes to planning your will, you should not have to do it alone. You need a lawyer you can trust who will walk you through the process step-by-step. At the office of Patriot Legal Group, we understand how complex and sensitive updating a will can be, and we are dedicated to ensuring that our clients feel comfortable and that their rights are protected.

Call us today at (407) 737-7222 or reach out to us online to schedule a free consultation with one of our experienced legal professionals in Orlando, Florida.

Contact Us Online

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Name*

Search Our Site

Related Blog Posts

What is the Difference Between a Will and a Living Trust?

If you are an adult with children or assets that you want to protect, the process of estate planning is a necessary step in obtaining the peace of mind you are looking for. Even if you do not have an extended immediate family, including children or a spouse, it can be...

What Should You Do with Assets That Have Sentimental Value?

After a loved one passes away, one of the main sources of conflict comes from the division of personal items rather than financial allotment. To avoid situations like this from occurring with your family members after you go, you can choose to allocate certain assets...

Thirteen Estate Planning Terms You Need to Know

Estate Planning is an incredibly important tool, not just for the wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do.   Estate planning can help you accomplish any number of goals, including...

Are Estate Planning Documents in Your Hurricane Kit?

As Floridians today mark the 16th anniversary of Hurricane Charley making landfall as a category 4 storm on the southwest gulf coast, we are reminded of our annual to-do lists -  Evacuation routes are noted, resupplying our hurricane kit with batteries, bottled water,...

Estate Planning Basics with Crystal Denman

Patriot Legal Group's very own Crystal Denman was a special guest on a local Central Florida women's empowerment group ~ A Tribe Called Venus ~ to discuss estate planning basics. Click below for her full interview and to learn more about the basics of estate planning....

How To Create a Valid Will in Florida

Five Common Mistakes That Can Make Ruin Your DIY Valid Will In light of the current pandemic, many Americans are becoming aware of the importance of creating or updating their estate planning documents. With the extension of some...

How to Protect Your Will From Unhappy Relatives

Having an updated last will and testament is more important than ever, especially now. However, a will that is poorly created or not frequently updated can be vulnerable to contestation. What is contestation? It is the formal objection to a will’s (or trust’s)...

Who’s On Your Team?

Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so (i) you can be taken care of during times when you are unable to care for yourself, and (ii) your money and property are distributed to the...

We All Need a Yearly Checkup: Your Estate Plan Does Too

One of the main reasons for getting an annual physical is to detect and treat problems before an illness or health condition becomes serious. Likewise, it is important for your estate plan to get a regular checkup to address changes in your life circumstances or in...

Do Your Parents Have an Estate Plan?

If you find yourself in the “sandwich generation” (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have put together an estate plan. While it is still your parent’s choice to make...