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When should I update my will?

On Behalf of | Oct 10, 2024 | Estate Planning

Your will is more than just a document—it’s the voice of your wishes after you’re gone. As your life evolves, so should your will.

Regular check-ups ensure it stays in tune with your current situation and desires. Knowing when to refresh your will can make all the difference for your loved ones and your legacy.

Look out for these five signs

Life has a way of changing, sometimes when we least expect it. Here are five important signs that it might be time to dust off your will and give it a fresh look:

  • Big life moments: Tying the knot, welcoming a new baby or saying goodbye to a loved one can shake up your world. Your will should reflect these changes, ensuring that is includes everyone who matters.
  • Money matters: Maybe you’ve bought your dream home or sold your business. Perhaps you’ve come into an unexpected windfall. Whatever the case, your will should match your current financial picture.
  • New zip code: If you’ve moved to or from North Dakota, your will might need tweaking. Different states have different rules, and you want to be sure your will plays by the right ones.
  • Changing relationships: Friends become family, and sometimes family dynamics shift. Your will should mirror the relationships that matter most to you now.
  • Career moves: Whether you’ve landed a big promotion or decided to retire, these changes can impact your estate. Make sure your will is up to date with your current work situation.

Think about how these changes might affect your current will. It’s worth taking a closer look to make sure it still says what you want it to say.

Your will is a living document that grows and changes with you. By keeping it current, you’re not just putting your affairs in order—you’re giving your loved ones a final gift of clarity and care. Remember, a well-crafted will isn’t just about distributing assets—it’s about peace of mind for you and those you cherish most.