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Difference between revisions of "Preparing a Will and Estate Planning"
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Preparing a Will and Estate Planning (view source)
Revision as of 04:28, 3 March 2019
, 04:28, 3 March 2019→Review your will after any change in your marital status
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For example, if you prepared a will when your children were young and named your parents as guardian and executor, you’ll no longer need the guardian clause when your children become adults. And you may want your adult children or a sibling to be executor instead. | For example, if you prepared a will when your children were young and named your parents as guardian and executor, you’ll no longer need the guardian clause when your children become adults. And you may want your adult children or a sibling to be executor instead. | ||
===Review your will after any change in your marital status=== | ====Review your will after any change in your marital status==== | ||
If you married before March 31, 2014 (when a new wills and estates law came into effect), any will made before marriage was automatically cancelled when you married, unless the will said it was made in contemplation of your marriage. After March 31, 2014, a marriage does not revoke — that is, cancel — a will. | If you married before March 31, 2014 (when a new wills and estates law came into effect), any will made before marriage was automatically cancelled when you married, unless the will said it was made in contemplation of your marriage. After March 31, 2014, a marriage does not revoke — that is, cancel — a will. | ||
