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The Basics of Changing Your Will Wills are not set in stone. You can adjust your Will several times if necessary. While you can make minor adjustments using an addendum (a formal supplement to your will), experts often recommend drafting a new will because it immediately invalidates the previous version. Key events that prompt a Will revision Various life changes may require you to revisit the terms of your Will: Marriage: a new marriage or remarriage automatically invalidates your existing Will, unless it specifically anticipated such a union. Divorce: There is a legal framework that governs how your Will operates after your divorce. Often, the Will is deemed to be the first to die for the ex-spouse. Nonetheless, it is recommended that you update your Will after divorce and it is important to consult a legal expert. Separation: If you separate without a legal divorce, your ex-partner may still inherit your assets unless a new Will is drafted. Major purchases and business ventures: major asset acquisitions or entry into new business areas may also be reasons to amend your will. Given the complexity of relationships and assets, it is sensible to review and potentially update your Will on a regular basis, particularly following the dissolution of any relationship. Ways to amend your will If you decide to change your will, you have a few options: Add an appendix: appendices are suitable for minor adjustments. Ensure that any additions made via an appendix do not create ambiguity or contradict the main Will, as this could lead to invalidation. Draft a new will: making a new will is the definitive way to replace an old one. Ensure that the new document refers to the revocation of all previous Wills for clarity. Destroying old Wills: Eliminating your current Will is another way to ensure that it no longer applies. Adapting your will is vital to accurately reflect your wishes, especially as life's circumstances evolve. Seek the help of the experienced and professional law firm of Chua, Kheng & Great, LLP and get your will up and running when it comes to responding effectively to these changes. Click here for more information or contact our office. Address Level 2, 262 Queen Street, Melbourne 3000, Telephone 96023988<\/p>\n\n\n\n
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