Legal Question in Wills and Trusts in Ohio
last will & testement
My wife & I have a will we need to know if we should up date it
3 Answers from Attorneys
Re: last will & testement
Well, whether or not your wills need to be updated or changed depends primarily upon whether or not the will still reflects your current wishes. In other words, a will that was valid 20 years ago is not invalid today merely because of the passage of 20 years. Rather, it may be advisable to change or update it if your life circumstances have changed.
People often update their wills or other estate planning devices because their wishes change, or they may have had significant life events such as family members passing away, addition of new children or grandchildren, children reaching adulthood, marriages or divorces, or changes in the amounts or types of assets or property they own.
So, if any of these things seem to apply to your situation, it is probably a good bet that you are due for some kind of update.
In any event, you should discuss your questions, goals and wishes in detail with an experienced estate planning lawyer, as there may be other legal issues you wish to address such as power of attorney documents, advance health care directives, etc.
My practice is located in Westlake, Ohio; if I can be of further assistance, please feel free to call my office at 440.899.7710. Best of luck to you.
Re: last will & testement
This depends upon whether changes have occurred in your lives that would want you to change the terms of your will.
Re: last will & testement
I agree with what the previous attorney stated, however, I recommend to my clients that they come back every three to five years to review their estate plan and to see if they are affected by any changes in the federal or state laws. If you would like a review of your current estate plan, you can contact my office in located in Beachwood, Ohio.