One of the first documents that any person getting their estate plan together should draft is a will. Your will dictates so much in your estate that without one, it is very easy for your loved ones and beneficiaries to become entangled in complicated litigation over your assets when you pass away. Without a will, you die “intestate,” and that means state laws and basic probate will apply to your estate. Your wishes and provisions (spoken or not) will go unheeded.
But once you have a will, you can’t just sit back and relax. Having a will is just the first step. Over the years you will need to update your will, for a variety of different reasons. Today, we want to look at some of the events that can cause a grantor to revise his or her will:
Source: FindLaw, “Checklist: Reasons to Update Your Will & Estate Planning Documents,” Accessed June 22, 2017
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