When Should You Update Your Will?

Why it matters

Making a will is not necessarily a one-time task. Your personal relationships, finances and responsibilities may change significantly over time.

A will that no longer reflects your circumstances may create confusion or disputes for the people you leave behind.

Consider reviewing your will after

• •Marriage, separation or divorce
• •The birth or adoption of a child
• •Entering or leaving a de facto relationship
• •Buying or selling significant property
• •Starting or selling a business
• •The death of an executor or beneficiary
• •A significant change in your financial position
• •Moving permanently to or from New Zealand

You can generally change, replace or revoke your will during your lifetime while you retain the required mental capacity. Avoid making handwritten amendments directly onto an existing signed will.