How-to write a will

End of Life Management Toolkit #1 | by Team Passare and Robert L. Shepard and Y Collaborative

4. When to Amend Your Will

Life happens; changes occur in your location, relationships and financial status. You will most likely need to update your will according to the life changes that affect your beneficiaries, Executor and inheritors.

A simple solution is to amend a will by adding a codicil. A codicil is a document, which modifies a will. A codicil does not replace the will but amends the will by revoking provisions, changing assets, beneficiaries or Executors of the existing will.

Helpful Hint on How to Write a Will: Remember to date and sign the amended will, or codicil, with at least two witnesses.

Take stock of your will regularly by asking yourself the following questions:
  • How has my life circumstances changed since I last wrote my Will?
  • Have my financial and physical assets changed?
  • Has my health or a family member’s health changed?
  • Has an important event happened in my family such as death, marriage, birth, or divorce?
  • Have I acquired any new property or digital assets since I first made my Will?
  • Do I have a pet who will need to be cared for should anything happen?
Take a few minutes now to answer these questions.
  1. Do I plan on making purchases that affect the assets inventory in my Will?
  2. Have I updated my Will to accurately represent the people in my life and the current status of my assets?
  3. What future events do I expect that may affect the contents of my Will?
© Copyright 2017 Passare, Inc. All Rights Reserved.