${site.data.firmName}${SEMFirmNameAlt} | Attorneys At Law
Call Us Today
TF 888-575-9349
L 303-647-5099
view our Practice areas

There are many reasons to update your will

Having a will is a nice first step towards building out your entire estate plan. It is also a significant milestone because many people feel thwarted by the seemingly immense task of creating a will, which then makes them avoid the task of building out their estate plan altogether. By creating a will, it can motivate people to finish the other steps inherent to creating an estate plan.

Still, creating the will is just the first step of proper will and estate plan maintenance. Once you have the will in place, you will need to update it after certain life events.

Imagine that you get married or divorced. You would likely want your new spouse to be included in your will, just as you may feel that your former spouse should be written out of the will. Ultimately it is your decision, but these life events warrant a review of your will at the very least.

Having children, or if your children have kids, warrants a review of your will too. Along the same lines, if your children turn 18, you should review your will as they may be eligible to be included in new matters on your will.

The value of your estate could drastically change -- either due to a reduction in value or the acquisition of a major asset -- and that should lead to a review of your will. Even the passage of time is enough to warrant a review of your will and estate.

Source: FindLaw, "Checklist: Reasons to Update Your Will & Estate Planning Documents," Accessed Aug. 3, 2017

No Comments

Leave a comment
Comment Information

Contact Information

Samuel J. Owen, P.C.
350 Indiana Street
Suite 150
Golden, CO 80401

Phone: 303-647-5099
Toll Free: 888-575-9349
Fax: 303-271-0101
Map and Directions

Payment Plans Available

VISA | MasterCard | Discover Network
CBA | Colorado Bar Association | Established in 1897 Denver Bar Association | Since 1891 Nebraska | State Bar Association Naela | National Academy of Elder Law Attorneys, Inc.