- A Will should be reviewed regularly. Beneficiaries may die; new beneficiaries may have been born. Your wishes and values may have changed.
- Remember that marriage usually revokes any Will you have made. Divorce usually excludes your former partner as a beneficiary. These are occasions when you may wish to consider updating your Will.
- On a practical note, tell your spouse, your parents, and your business partners where your Will and any related documents are kept – it is still up to you whether or not you tell them what the documents contain, but if you are passing responsibility for managing your affairs on to others, it would be advisable to talk matters through with them now.
It is also advisable to tell your family members whenever you change your Will. Should you tell them what assets you have and how they can be located?