Most people know that having a will is extremely important, yet many people either do not have a will or forget to update it on a regular basis. A will is only as good as what it currently says, and you should realize that there are things you should do when you prepare it and to keep it up to date. Here are three important tips to think about if you need a will or have not updated your will in a long time.
Your will controls your possessions when you die
If you care about who gets your things when you die, you need a will. Without a will, you lose control over this, and your things could end up in the hands of people that you would never give them to. A will is your protection for when you die and can no longer make decisions, and that is the main reason you should always make sure you have a will in place, even if you are young.
Life changes and so should your will
Secondly, you should not assume that if you have a will you no longer need to address it in any way. Life is something that is always changing, and this means that your will might need to change too. For example, if you have three kids and are dividing your assets evenly between them, you would need to change this on your will if one of your children suddenly passed away. As life changes, you should consider updating your will to reflect these changes. Updating your will as changes occur is a good idea, or you should aim to update it at least every two years. If no changes are needed at this point, you do not have to make any, but at least you would have the option to make changes if you wanted to.
Make sure your family knows about it and its location
Finally, you should make sure that your family members know about your will and where it is located. If no one knows you have a will, and if they cannot find it when you die, it would be very difficult for them to use the will to divide up your things.
A will is important in life and in death. If you have not created one or updated yours in a long time, you can do so by meeting with a law office that specializes in estate planning legal service, such as Blake Law Office.