As you likely know, it’s important to have a valid will in the event that something happens to you. This allows your loved ones to receive assets that you choose when you pass away, and in conjunction with other estate planning strategies, may be important for helping make the process as easy as possible for your family.
That being said, there’s a good chance that your life circumstances might change after you put together your initial will. It’s important to ensure that you already have a relationship with an estate planning attorney if you want to change your will. Having multiple versions of your will can become confusing, and if you’re not careful, it could even open the door for family members to argue that the will entered into probate is invalid.
Here are a couple of reasons why you may wish to consider revoking your will and writing a new one with the help of a Massachusetts estate planning attorney:
- A minor child becoming an adult
- Winning the lottery or inheriting/receiving a large asset
- Having more children
What seems like a small mistake on your end could render your new will invalid, so you need to work with your attorney to make sure that it’s clear the new version is accurate and recognized as valid. This is particularly true if you are changing your distributions significantly.
Remember, a will might look like a simple document, but it has big ramifications for your beneficiaries. Make sure yours is correct by working with a Massachusetts estate planning attorney.