To control what happens to your belongings after you pass away, you should create a last will and testament. In addition to leaving assets for loved ones, this document ensures the state won't decide how to distribute your property. After creating the will, you might need to modify it down the line if any of the following events arise.

When Should You Adjust Your Will?

1. Relocation

Revise the will if you lived in one place when it was written and later moved across the country. Each state has specific laws for this document, and your new place of residence might not recognize the record you previously created. Update the will to ensure it adheres to your current state's estate laws regarding a spouse's property rights, inheritance taxes, and other matters. 

2. Divorce

After a divorce, remove your ex-spouse from beneficiary designations. Otherwise, assets can be redistributed to them instead of intended loved ones after your passing. 

If a former spouse is the will's executor, appoint a different person to handle the affairs. You'll also need to add properties you won during the divorce and remove those awarded to your ex in the settlement. 

3. Children and Grandchildren

Provide for the next generations of family members by revising the will after the birth of children and grandchildren. Forgetting to include these individuals now can lead to disputes over inheritance later. Therefore, avoid tension among loved ones by making the necessary updates. 

When you have kids, also include who should serve as their guardian in the will. This measure ensures your children will be in a loving, supportive home if something happens to you. 

For estate planning assistance, contact the Law Offices of Neil T. Nakamura & Associates in Honolulu, HI. For over four decades, the attorneys have helped Oahu clients draft wills and create trusts to plan for the future of their families. They also use their knowledge of probate law to help clients get their inheritance faster. See how their lawyers will assist you online, and call (808) 945-7645 for a free initial consultation.