You may already have a will which needs to be updated to take account of changes in your life. Will amendments need to be undertaken with care to ensure your wishes are fully understood and legally binding. Most importantly, if your will does not reflect your current circumstances, your assets may be distributed in a way you hadn’t intended.
You can’t amend your will after it’s been signed and witnessed. The only way you can change a will is by making an official alteration called a codicil which we can prepare for you. You must sign a codicil and get it witnessed in the same way as witnessing a will.
If you need more substantial changes made to your will it is usually advisable to have a new will drawn-up by one of our legal advisers which formally revokes your previous will.
It is sensible to check your will every so often to see if it needs updating. You should seek professional advice on updating your will if any of these circumstances apply to you:
1. You wish to remove or add beneficiaries or change the share of assets due to them
2. You have had children or you now have grandchildren
3. You have married or entered into a civil partnership
4. You have separated or divorced from your spouse or partner
5. You have moved house or acquired further property or assets
6. The Executor or beneficiaries in your will have died
We can advise on how these changes can affect the distribution of your estate and how to change both the beneficiaries named in your will and the amount of money or assets paid out to them. Our team can also provide specialist tax advice to ensure your estate doesn’t pay too much inheritance tax unnecessarily.