Spring is the perfect time for a refresh—not just for your home, but for your important documents too. Many people put off updating their Will, but ensuring it accurately reflects your wishes is essential. According to research from the Association of Lifetime Lawyers, 1 in 10 UK adults have started writing a Will but haven’t yet completed it.
Below, we explain why having an up-to-date Will is important and the simple steps to ensure your estate is in order.
Do I need a Will?
If you are over 18 and own a property, have children, or have any financial assets, having a Will is crucial. Without one, your estate will be distributed according to intestacy rules. This means your assets may not go to the people you intended.
I already have a Will—do I need to update it?
It is recommended that you review your Will every five years or after significant life events, such as:
- marriage or remarriage (which automatically revokes your existing Will)
- divorce or dissolution of a civil partnership
- the birth of a child or grandchild
- moving house
- significant changes in your finances or inheritance
- the death of a beneficiary or executor named in your Will
Updating your Will ensures that it continues to reflect your current wishes and financial situation, while also accounting for any changes in the law, such as tax regulations, that may affect your estate.
How do I update my Will?
Seeking professional legal advice is the best way to ensure any changes are made correctly. In some cases, you may need to create a new Will to properly reflect your revised intentions. A solicitor can guide you through the process, ensuring your Will is legally sound and clearly outlines your final wishes.
Do I need a solicitor to update my Will?
While it is possible to write your own Will, doing so is only advisable if your estate is extremely simple. Even minor errors can lead to disputes. This can cause unnecessary stress and expense for your loved ones.
Using a DIY Will may seem cost-effective, but it comes with risks. An improperly drafted Will could be invalid, exclude important assets (such as digital property), fail to consider inheritance tax implications, or neglect individuals who may have a claim against the estate if they are not properly provided for. A solicitor with expertise in Will writing ensures your Will is legally robust and covers all necessary details.
For further guidance on making or updating a Will, contact Rothera Bray’s Private Client team on 03456 465 465 or email enquiries@rotherabray.co.uk
Our Private Client team covers the East Midlands, including Leicester and Market Harborough
Disclaimer: This blog is for information only and does not constitute legal advice. If you need legal advice please contact us on 03456 465 465 or email enquiries@rotherabray.co.uk to get tailored advice specific to your circumstances from our qualified lawyers.
