Monday, October 31, 2011

5 More Reasons to Change Your Will

 5 More Reasons to Change Your Will

  1. You no longer own certain items specified in your will. (If you thought you were going to make Junior happy by passing your ’65 Mustang onto him but then had to sell it when your Enron stock went bad, Junior may be left empty handed.)

  2. The beneficiaries of your will have had significant life changes. (If Niece Belinda has quit the symphony orchestra for good and moved to Amsterdam, do you really want to give her the Stradivarius, knowing she may just parlay it into some top grade Dutch hash?)

  3. Your financial situation has changed. (Given that your Enron stock didn’t work out so well and you’re now living hand-to-mouth, does that third cousin on your mother’s side really need something, or do you want to focus what you have left on your kids?)

  4. You aren’t the same person you used to be. (I don’t mean this in a Chastity / Chaz Bono kind of way – at least not for most of you. I mean that, over time, your own values and decisions about what you want to do with your belongings may have changed.)

  5. Elvis has left the building. (The reality is that we sometimes outlive those whom we thought would outlive us. If one of the potential beneficiaries has passed on, you may want to update your will.)

 McGrath & Spielberger, PLLC provides will services in North Carolina, South Carolina, Georgia, Florida, and Ohio: