During your life there are bound to be many changes -
often these will have a direct bearing on your Will.
For example, you may become financially better or
worse off. You may marry, separate or
divorce. There may be births or deaths
in the family.
Some of these changes will simply mean that you have
to add new instructions to your existing Will.
Others may mean that you have to start afresh with a new and up to date
Will.
Even if there is no change in your status it is
important to look at your Will from time to time to ensure that it still meets
your needs. Remember, a Will that is out
of date may in some cases have serious financial consequences for your
family. It may have unintended and
unfortunate results, or else it may simply be unenforceable.
Do not write on your Will after signing
it. Should the
time come when you would like to change or update your Will, this can be done
simply by your legal adviser through a ‘codicil' without difficulty.
At last some good news from the Treasury concerning inheritance tax. However, despite the press headlines, the changes announced by the chancellor, Mr Darling, are more about the operation of the allowances than increasing them.
