Major life events such as births, deaths, divorce or the coming-of-age of loved ones, are all potential reasons to review your Will.
It is even more important to do so if your personal financial circumstances have changed which may result in your estate not being distributed as you would like.
To make sure your existing Will reflects these changes, still complies with your wishes and takes advantage of the latest position in terms of tax, we follow The Law Society’s recommendation for reviewing your Will every five years.
When should I review my Will?
The Law Society recommends that a Will is reviewed at least every five years or after any “major life change” such as a divorce, having children / grandchildren or receiving an inheritance.
What happens if my Will is out of date?
A will “speaks from death”. If your circumstances significantly differ at the date of your death as opposed to when the Will was originally made, there could be problems in dealing with your estate and your beneficiaries may not get what you intended.
The Legal 500 2023: Personal Tax, Trusts & Probate"Actons‘ practice is led by newly promoted directors, Heather Parker and Bindiya Patel. The team also includes director Mike Spencer, who is the primarily litigator with over 30 years’ experience resolving complex family fall-outs, contentious and non-contentious negotiations and Court of Protection applications. The firm displays aptitude acting for farmers and agricultural business owners on all areas of will, trust and estate work."
"Actons ‘provides excellent comprehensive service with a personal touch’. The ‘very professional and trustworthy’ team advises on the full range of will, trusts and probate work, often collaborating with the firm’s corporate and commercial departments to better service owner-managed and family businesses."The Legal 500 2018 (Personal Tax, Trusts & Probate)
"Great service lovely people and very easy to talk to, very understanding, would be delighted to recommend Actons to other people."Jane Walker
"Met Actons through Maggie's Centre in a November Wills month. Which made my mind up once I had the initial meeting - especially their professionalism."Philip Treacy
"Extremely satisfied with the standard of service provided by Actons and would not hesitate to use Actons for any future needs. I was most impressed by the very professional and friendly manner in which the delicate issues of our Wills and LPA's were processed by Ruth Swain. Because I have a mobility problem which made it difficult to attend your offices, Ruth conducted all our business very effectively in my own home."Joseph Greatorex