Making a will isn’t something you do just once and then forget about. Your life keeps changing, and your will should change with it. Knowing when to update your will can help your family avoid confusion and stress down the road.
Life changes mean it’s time to revise
Big life events are the most common reasons to update your will. When you get married, get divorced or have children, your will might not match what you want anymore. You should also update your will if someone close to you dies or if someone important in your plan, like your executor, can’t serve anymore. Life has a way of shifting your priorities, and your will should keep up.
Your assets and beneficiaries may shift
Your money situation might grow or shrink over time. Several key changes might require you to update your will:
- You get significant new assets
- You lose or sell a major property
- You move to or from Tennessee
- You change your mind about how you want your estate divided
Keeping your will current with your assets and plans will help prevent fights later.
Tennessee law requires compliance
Tennessee law has specific rules for wills. Any updates must be properly signed and witnessed, just like your original will. You can’t simply cross out words or write in the margins. Making a new will or a legal amendment, called a codicil, is the right way to make changes.
Regular reviews give peace of mind
Even when your life feels steady, it’s smart to review your will every three to five years. Laws change, families grow and situations evolve. Taking a fresh look at your will makes sure your wishes still make sense.
If you’re unsure about your will, you may talk with an experienced estate planning attorney. They can help you keep your plan clear and updated.
