When You Need To Update Your Will, Use Caution If you have created a last Will and testament you know that it took some time and effort to create a document that served your individual situation and your desires. Likewise, if you have experienced a significant life change or have changed your mind about your will decisions, you should know that making changes to the will may also require the same attention to detail. Updating your Will is usually not as time-consuming as the process involved in creating one, but that doesn't mean it is a simple and quick process. Here's what you need to know if you think you need to update or revise your Will. Big or Small Change Anytime you update a Will you must ensure that the changes you make comply with the same laws that applied to the making of the Will. For minor changes, such as changing who you have selected as your trustee or guardian over your minor children, it's often easier to create what is known as a codicil. A codicil is simply an amendment to your Will you make in a separate document which you then add and incorporate into the original Will. For larger changes or multiple changes you will probably need to rewrite the Will itself. New Trust Some people who make a Will later decide that they would be better served if they create an estate plan which focuses on a trust. If you created a Will which did not incorporate a trust, you'll definitely want to rewrite your will to reflect your new estate plan. Simply editing the will is not enough in this situation because the trust will become the focal point of your plan and your will needs to reflect that. Experienced estate planning attorneys Port St. Lucie FL of the Robert J. Kulas, P.A. offers estate planning and business planning resources to residents of Port St. Lucie FL. To learn more about these free resources, please visit www.kulaslaw.com/ today.
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