Bonus Element--#11
Updating a Will
Most of the series so far have discussed 10 different points, but this 11th point is too important to leave out.
My parents had the same exact will for over 20 years. By the time they got an updated will, two of their children were born and became adults. All of their children left home. My father was quickly approaching retirement. The will that was okay 20 years ago no longer addressed their current situation.
In addition, they only had one will for the two of them. I don't know if that was a normal practice in the '80's, but it's certainly not acceptable any more.
Even if you have a will, you may need to update it. Look over it carefully to see if anything needs to be changed. Contact an attorney to look over it for you. Circumstances change, and so your will may need to be changed too.
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