01 Oct Willing to Update
Welcoming a new member into the family has been an amazing experience for us. Our first grandchild. It’s been an emotional rollercoaster and has brought so much joy to our lives.
It makes you think though. We go through many stages in our life, experience many changes and the one thing we forget about along the way, is our will.
We think that we’ve done the hard part by completing it in the first place. You can give yourself a pat on the back for that, but unfortunately, that’s not where it stops.
You see, if we don’t keep our will up to date and bring it with us on this journey through life, your loved ones could ultimately end up in the same situation after you’ve passed than they were before you wrote it in the first place.
There are a few important changes that may apply to you as you go along. For example;
- When you get married, divorced or remarried
- Welcomed a new child or grandchild into the world (including adoption)
- Becoming a property owner
- The loss of someone named in your will
- Starting up a new business
- Changing your retirement plans
- Moving to a different location
- Even a split in friendship needs to be considered.
What seems like a hassle to you now could potentially be so much more of a burden when you’re gone. It’s important that you leave your loved ones with time to grieve after losing you and not consuming their time with financial and legal affairs.
Some (not so) surprising statistics;
- 4 MILLION adults aren’t aware they need to update their will
- Approximately 54% of adults do not have a will and haven’t considered writing one.
- 59% of parents do not own a will, or if they do, it’s out of date
Congratulate yourself for taking the leap and making a will in the first place but don’t let that uncomfortable moment that you put yourself through initially be for nothing. Protect your loved one’s futures, after all, we’re only doing it for them anyway.
Happy will writing!