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How Often Should You Update Your Will?

2024-10-236 min read
Creating a will is just the first step. Regular updates ensure it still reflects your wishes. ## Review Schedule ### Minimum Every 3-5 years, even without major changes. ### After Life Events Immediately after significant changes. ## Life Events Requiring Updates ### Family Changes - Marriage or divorce - Birth or adoption of child - Death of beneficiary or executor - Child reaches adulthood - Estrangement from family member ### Financial Changes - Significant change in net worth - Purchase of real estate - Starting or selling business - Receiving inheritance - Major debt changes ### Move to New State State laws differ. Your will may need updating. ### Death or Incapacity of Executor Name a new executor. ## What to Review - Are beneficiaries still appropriate? - Are executors still willing and able? - Have assets significantly changed? - Do guardians still make sense? - Are any provisions outdated? ## Making Changes ### Codicil Minor changes can be made by codicil (amendment). ### New Will Major changes usually require a new will. ## Review Your Will Today Pioneer Credit Solution helps you keep your will current. Call 1-888-271-2293.

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