Florida is known as a place where thousands of individuals from all across the country choose to live later in life, often in their retirement. For many of those who move to Florida in their golden years, their wills were created long ago, and they assume that this is good enough. After all, many American’s don’t even have a will, right? While it is true that having some will is better than no will, there are many instances where it is wise to update your will to ensure that your loved ones remain protected and your wishes are made clear.
If you have gained or lost any beneficiaries since creating your will, you should consider amending it to reflect this change. You may have seen your family grow in recent years, possibly with the addition of grandchildren. Contrastingly, you may have lost family members, either through death or divorce, and need to amend your will so that it addresses only those beneficiaries who are still with you.
Similarly, your assets may have changed significantly since you created the will. Maybe you experienced good fortune after creating the will, and now your net worth has grown considerably. In this case, it is wise to make sure that your will properly deals with your growth in net worth, rather than leave it up to probate. It is always better to make these decisions yourself instead of leaving it up to an uncaring bureaucracy.
Regardless of what reasons you may have for altering your will, it is important to do it as soon as possible. None of us knows how much longer we have here, and protecting the ones you love should always be a priority. If you are ready to update your will, do not hesitate to reach out to an experienced attorney to meet your will-amendment needs.
Source: FindLaw, “Changing a Will,” accessed May 04, 2017