Updating your Will

Updating Your Will in South Australia

It's important to review your Will regularly to ensure it reflects your current wishes and circumstances. We recommend reviewing your Will every two years or when significant life events occur. Some of the key events that may necessitate updating your Will include:

1. Marriage or Registered Relationship: Getting married or registering a relationship automatically revokes any existing Will, unless the Will was explicitly made in contemplation of this event. Therefore, it's crucial to update your Will after such events to ensure your estate is distributed according to your wishes.

2. Passing of an Executor: If one of the executors named in your Will passes away, you should update your Will to appoint a new executor. This ensures that there is a trusted person available to administer your estate.

3. Significant Changes in Assets: If your assets have changed significantly, such as through inheritance, acquisition, or separation, it's essential to update your Will to reflect these changes. This ensures that your assets are distributed according to your current intentions.

4. Changes in Relationships with Beneficiaries: If your relationship with any beneficiaries has changed—whether strengthened or diminished—you may wish to update your Will to reflect these changes. This includes adding new beneficiaries or removing those no longer in your life.

5. Other Major Life Events: Other life events, such as the birth of a child or grandchild, divorce, or a change in your financial or health situation, may also warrant a review and update of your Will.

Seeking Professional Advice

Updating your Will is an important step to ensure your wishes are respected and that your loved ones are provided for according to your intentions. If you're unsure whether your Will needs updating or if you require advice on how to proceed, please feel free to contact us. We can provide guidance and support to help you navigate this process.