Do you have a will? If not, our estate planning attorneys at the Lake of the Ozarks sincerely encourage you to get one. Having a will can relieve so much stress for your loved ones during a time where they are already mourning you. A proper will can help prevent disputes among heirs and make the entire process just easier. That being said, once you have a will, it's important that you keep it updated over time. Keep reading this week's blog for 3 reasons you may need to change your will over time. If you have any questions about updating your will or you would like a professional to help you create your will in the first place, please give us a call today. Gibbons Law Firm can be reached at (573) 348-2211. Know that your first consultation with us is FREE.
3 Reasons You May Need To Change Your Will
1. YOU GET DIVORCED AND NEED TO REMOVE YOUR EX FROM YOUR WILL.
Your will should state specifically who you wish to receive your belongings. An update should be made if your marital status changes. Whether you get married or divorced, this life change can have a big impact on your will.
2. ONCE YOUR KIDS ARE GROWN, YOU MAY WANT TO LEAVE YOUR ASSETS TO GRANDKIDS.
Once your kids enter into adulthood, you may want to make changes to your will. Many times individuals will set a guardian until the child has reached the age of eighteen. After your child reaches this age, they will be able to take care of themselves and do not need a legal guardian. Your will can be changed to take off guardianship of your kids after they are adults. You may also have your assets set to disperse differently after they have reached adulthood.
3. THE BENEFICIARY YOU NAMED HAS PASSED AWAY.
When a loved one passes away, your will may be the last thing on your mind. It's important to make a change in your will if someone who you have named as a beneficiary has passed away. You can always have these funds passed on to the individual's beneficiary.
Get Your Will Updated To Reflect Your Life Changes Today.
Gibbons Law Firm can help you! Our estate planning attorneys in Lake Ozark can look over your will and work with you to make sure it is fully updated. Letting things like this go unchecked can really be tragic if you pass away unexpectedly and your will isn't correct. You don't want the wrong beneficiary inheriting your assets and so on. Give us a call at the phone number listed below for your free consultation. You can also follow us on our social media channels listed below to stay up to date on our latest announcements.
Remember, your initial consultation with Gibbons Law Firm is always free.