Preparing a will is an essential part of the estate planning process. With this legal document in place, you can control your assets and continue providing for your family even after you’ve passed away. However, as certain life events occur, you’ll need to update your will to reflect the new circumstances. Here are some common reasons to amend the contents of your will.

When to Consider Revising Your Will

1. Marriage or Divorce 

Getting married doesn’t mean your spouse will automatically receive your assets when you die. This will depend on your state’s intestacy laws. If you want certain property passed down to them, you must leave specific instructions behind when estate planning. Getting divorced also warrants modifications to a will since you may not want an ex-spouse receiving your assets or acting as your executor.

2. Birth of a Child or Grandchild

After the birth of a child or grandchild, you will likely want to include them in your will. As a parent, you should also make sure your will appoints a guardian to take care of your child in the event of your untimely passing. Otherwise, the court will select a guardian. 

3. Death of a Beneficiary or Executor 

If anyone you named as a beneficiary or executor of your estate passes away before you do, they should be removed from your will. You will want to assign their inheritance to someone else and choose another party to serve as your executor. Taking these factors into account while estate planning will prevent the court from making these decisions. 

Whether you’re just beginning the estate planning process or have already executed a will and need to make revisions, work with the Law Offices of Neil T. Nakamura & Associates. Offering more than four decades of experience, they have assisted numerous Honolulu, HI, residents in preparing for the future. As you experience major life changes over the years, they will ensure your wishes remain properly represented. Call (808) 945-7645 to schedule a free initial consultation, or visit them online to view all their legal services.