FIVE REASONS YOU SHOULD UPDATE YOUR WILL

/ E M Curran Legal LLC/

What is a Will?

  • A will can fulfill several purposes. It nominates fiduciaries, provides the fiduciary with the authority they need to act and it disposes of probate assets.

  • The will nominates a Personal Representative who will guide the estate through the probate process.

  • If there are minor children involved, the will also nominates a Guardian(s) or Conservator(s).

  • The will may make specific bequests; dispose of tangible personal property, and also of the ‘residue’ of the estate.

  • If you die without any estate planning documents, the State will step in and decide how your assets will be distributed to those who survive you, in accordance with the then existing intestacy laws

When should I update my Will?

Here are at least five reasons why you should update your will:

  1. The People you named predeceased you.

  2. You have either given Birth or Adopted a Child(ren) that needs to be identified.

  3. You have either gotten Married or Divorced.

  4. Your children are no longer minors but are now adults.

  5. Your relationships with the people you named has changed.

Any material change in your life should prompt you to update your Will. In any event, it is recommended that you review your at least every 5-10 years.

Have questions or concerns about your estate planning? Contact us to discuss further:

E.M. Curran Legal LLC

10 Tower Office Park
Suite 314
Woburn, MA 01801
Phone: 781-933-1542
Fax: 781-933-1549

ellen@emcurranlegal.com