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Time your will had a health check?

16th March 2016

Time your will had a health check?

If you have not already made a will, then now is the time to do so. Even if you have made your will, you should not assume that you have done all you can to put your affairs in order. If you do not regularly review your will every five years it can easily fall out of date.

Sometimes, having an old will is as inappropriate as having no will at all. At Myers & Co Solicitors, we recommend you review your will at least every four to five years, or sooner if the personal or financial circumstances of you or your beneficiaries change.

Anyone who has made a homemade or DIY will is particularly advised to have it reviewed by a specialist wills and probate solicitor as it may not reflect your intentions or achieve your desired outcome.

Recent changes to the intestacy laws and new rules on inheritance tax allowances could also mean that the terms of your current will could be improved upon, and provide you with more a favourable tax position.

There are a number of health checks you can carry out yourself:

With so much to think about, it may be time to give your will a thorough health check. To make sure there is no doubt about the validity or content of your will, make an appointment to update your will with one of our specialist wills and probate solicitors as soon as you can.

To review or update your will contact Susan Hall on 01782 525 001 or email susan.hall@myerssolicitors.co.uk

The contents of this article are for the purposes of general awareness only. They do not purport to constitute legal or professional advice. The law may have changed since this article was published. Readers should not act on the basis of the information included and should take appropriate professional advice upon their own particular circumstances.