Clients often ask if their Will ever needs to be updated. The answer is it depends. If your Will was legally executed at the time your had it prepared, then it will be probated – even if you move out of state. In the case that the law changes or your move, your attorney will need to add language to your Succession papers stating the circumstances under which the Will was executed and how those were lawful at the time and place of execution. So just a small hurdle – but be careful – attorneys who do not focus on Successions/Probate can mess this up and subject your estate to needless challenges and delays.
So when should you update your Will? As Louisiana Estate Planning & Succession attorneys we recommend updating your Will in any case where what is written becomes inaccurate – except for one case. So if you move out of state, get divorced, get married, have or adopt a child, lose a loved one in your Will or simply change your mind about who should get what – you should update your Will. The only thing that typically does not create any problems is if you move within the state of Louisiana. In that case, your Will will not be affected by that fact alone.
Want to read more? Here is a Forbes article with more information on when to update your Will.
Need to update your Will? Give us a call today at (225) 341.5270 for your free attorney consultation.