📋 6 Times You Should Update Your Will (AARP Article)

[SummerOnTheWay1]

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

Don’t just set and forget this key part of your estate plan.

By Lynnette Khalfani-Cox, AARP. Published September 23, 2024.

While too many people procrastinate and never get around to drafting a last will and testament, that’s one financial chore you’ve wisely managed to tackle. And simply by having a will, you’re already ahead of the curve.

According to the 2024 Wills and Estate Planning Study from Caring.com, only one-third of Americans have prepared a will. The survey found that roughly 40 percent of U.S. adults have put off this crucial financial task because they feel they don’t have enough assets to warrant drafting a will or preparing an estate plan.

https://www.aarp.org/money/budgeting-saving/info-2024/times-to-update-your-will.html

[GailL1 · Accepted solution]

I have had a ton of changes in my life since my last Will was completed so it is time to do a complete redo or else I will be having my X-SIL deciding on many personal things for me - I still like him OK but I need to get him out from under directing my instructions.  Plus, I don’t need to start up any arguments between the divorced parties - there is enough of that with joint custody.

It is next on my TO DO List.

[SummerOnTheWay1]

📎  [9/23/24] @GailL1 , I didnot think about "divorces" affecting our wills. Good reminder. I recently made mine along with all the OTHER documents. Glad my daughter understands my Health Directive - let me go when my time arrives. Nicole

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[*** GAIL wrote: I have had a ton of changes in my life since my last Will was completed so it is time to do a complete redo or else I will be having my X-SIL deciding on many personal things for me - I still like him OK but I need to get him out from under directing my instructions.  Plus, I don’t need to start up any arguments between the divorced parties - there is enough of that with joint custody.

It is next on my TO DO List. ***]

[GailL1]

@SummerOnTheWay1 

You only have to change the Will because of a divorce IF they were included in the previous one by name.

Like I said, I have had lots of changes - this was just one -