How Often Should a Will or Living Trust Be Updated.pptx

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How Often Should a Will or Living Trust Be
Updated?
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If you are among the few Canadians that has an
actual will or living trust, it can be difficult
to convince some people to sit down
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and review this important document at least once
every five years and whenever there are certain
important life changes.
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To help you decide if now would be a good time to
review your will with a qualified wills and
estate lawyer in Toronto,
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ask yourself if one or more of the following have
occurred since you initial wrote the will or
living trust
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• Are there any beneficiaries who have passed
  away?
• Has your relationship status changed where you
  have gotten married, divorced, or remarried?

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• Have you become a parent or grandparent?
• Has there been a birth of a new child recently?

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• Has your circle of close friends and relatives
  changed?
• Are there any individuals you would like to add
  or remove?

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• Has there been any significant changes in your
  finances?
• Have you experienced a windfall, like an
  inheritance or salary increase?

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• Have you sold or purchased property?
• Have you been recently diagnosed with a terminal
  or chronic medical conditions?

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• Are there assets you have sold and no longer
  have?
• Have you started providing monetary support for a
  disabled sibling or an aged parent?

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• Have there been any changes to the law? For
  instance, the amount of money you could transfer
  to a beneficiary tax-free could have changed
  since you originally wrote your will or living
  trust.

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• Have you invested in new assets?
• Has your spouse or partner passed away since you
  originally wrote your will or living trust?

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To schedule a review of your will or living
trust, contact the will and estate planning
experts at the Law Offices of Stephen Offenheim
by calling 1 [phone] today!
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Most of our clients are surprised by how easy and
quick it is to review, update and make any
necessary changes to their wills or living
trusts.   Source- http//planyourwill.ca/often-
will-living-trust-updated/
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