People who have already written a Will shouldn’t view it as a “set and forget” document but one that needs to be reviewed and updated regularly, said Anna Hacker, National Manager Estate Planning at Equity Trustees.
“It can be tempting to cross “write a Will” off your To-Do list once it’s completed and forget about it, but this could be a mistake,” Ms Hacker warned.
“Sometimes, having a Will that isn’t up to date can create more problems than having no Will at all. For instance, if a marriage has broken down since the Will was written, it might not automatically mean that the former partner will no longer be involved in the estate administration.
Read the full Media Release here.