Life Changes and Your Will: When to Consult a Wills and Estates Lawyer
Your will is not a document you draft once and forget about it’s a living document that should evolve with your life. Major life events such as marriage, divorce, the birth of a child, or a significant financial change can all impact how your estate should be distributed. It is essential to consult a wills and estates lawyer Edmonton during these milestones to ensure that your wishes remain legally protected and up-to-date.Why Life Events Matter
Your will reflects your personal circumstances at the time it was created. But what happens when those circumstances change? Here are some key life events that should prompt you to review and possibly update your will:
- Marriage or Divorce – A change in marital status can significantly impact how your estate is divided. It’s important to update your will to reflect these changes.
- Birth or Adoption of Children – If you have children or adopt a child, it’s essential to ensure they are included as beneficiaries, and that guardianship is clearly defined in your will.
- Buying or Selling Major Assets – Significant assets such as real estate, businesses, or large investments should be accurately represented in your estate documents to reflect your current holdings.
- Relocation to Another Province or Country – Different provinces and countries may have distinct estate laws. If you move, your will may need to be revised to comply with the local laws of your new location.
- Death of a Beneficiary or Executor – If someone named in your will passes away, you will need to make adjustments to reflect this change and ensure that your estate is administered as intended.
Failing to update your will after significant life events can create confusion, delays, or legal challenges for your loved ones during an already difficult time.
Signs It’s Time to Consult a Professional
If it’s been more than five years since you last reviewed your will, or if any of the life events mentioned above have occurred, now is the time to consult with a professional. An experienced wills and estates lawyer can help guide you through the process of updating your will, ensuring that your wishes are legally sound and clearly communicated.
Get Support from Wills and Estates Experts in Edmonton
For residents of Alberta, working with a wills and estates lawyer is essential to ensure that your documents remain valid and reflect your current wishes. At Solution Law, our legal team specializes in helping individuals and families prepare for the future, no matter how life changes. Whether you need to revise an existing will or create a new one, we offer personalized, professional guidance.
Contact us today at Solution Law to schedule your consultation and ensure that your legacy is in the right hands.