4 Things to Consider When Deciding if Your Will is Up to Date
4 Things to Consider When Deciding if Your Will is Up to Date
Creating a will could be one of the most important processes that you carry out to protect your family’s finances, and that document must be reviewed and potentially altered at regular intervals. Here is a look at a few major life events that you might run into that could require you to take a fresh look at your will.Career ChangesWhenever any career changes take place, you should always review your will and all of your other financial documents. In addition to impacting your total household income, a new position might also affect what type of life insurance your company will help you acquire. Those who are considering a new career or position in a company should always speak with the HR department about their new options for insurance and retirement accounts.Divorce or MarriageWhenever a couple’s marital status changes, they will most likely both need to review and alter their wills. Getting married or going through a divorce is going to have a huge impact on your financial status and where your assets will go after you pass away. Many couples head to a legal professional well before there are any changes to their marital status so that they both know exactly what is going to take place with their mutual and private assets.Birth of a Child
Yawning baby; Photo by kelvin octa from Pexels.com.
About Kara Masterson
Kara Masterson is a freelance writer from West Jordan, Utah. She graduated from the University of Utah and can be found on Facebook and Twitter.