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What are some of the top reasons for changing a will?

Once you create a will, you hope that it can remain the same for an extended period of time. Even so, you realize that changes may be required at some point.

It is a must that you keep your will up-to-date. As your life changes, there is a chance that yours will need altered at some point. Many people find that they have to change their will many times throughout their life.

Here are some of the top reasons for changing a will:

-- Marriage. After marriage, you should create a new will. This will allow you to make any necessary changes as the result of your new status, such as leaving all your assets to your spouse.

-- Divorce. This can be a difficult time in your life that calls for many changes. Don't overlook the importance of altering your will. If you don't, you could end up leaving your assets to a former spouse, which is something you may not be interested in doing.

-- Moving from one state to another. Remember, estate planning laws differ from one state to the next. If you make a move, review your will at that time.

These are just some of the more common reasons for changing a will. If you have reason to believe that any aspect of your estate plan needs altered, don't hesitate to conduct a thorough review. Soon enough, you will know what needs changed and what can stay the same for the meantime.

It is never fun to change a will, but it is often necessary.

Source: FindLaw, "Changing a Will," accessed July 01, 2015

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