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03/11/2009
Updating wills 'incredibly important' |
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It is "incredibly important" that people keep their wills updated to take account of changing life circumstances.
Director general of the Society of Will Writers Brian McMillan said that a number of wills run into problems when they are not altered to take into account new situations like a change of residence or family structure.
Giving one example, he explained: "One of the major problems is where they make the house a gift and then of course they've moved, [so] the house no longer exists and so the gift fails."
Other situations that may require a change in the document by a lawyer skilled in will drafting could be brought about by remarriage.
Mr McMillan explained that children of a first marriage will be automatically disinherited under English and Welsh law unless a new will provides for this, as remarriage makes old wills invalid.
Last week, consumer website unbiased.co.uk revealed in a poll that 33 per cent of people with wills in place have not updated them in the past five years.
Written by Anthony Dyson
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