Preparing A Will Is Only The First Step – Keeping It Updated Is The Challenge

"Why do I need a will?"  – a question we hear from many clients new to estate planning. It is usually followed up by a list of reasons why clients think they don't need a will, which can range from believing they are too young and don't have anything of value, to not being concerned about what happens once they are gone.

The fact of the matter is that anyone who is over 18, of sound mind, and has assets should have a will. Furthermore, after relaying the horror probate stories about the increased legal fees, adverse tax consequences, unnecessary delays, and the emotional stress on loved ones when there is no will, most people then elect to make their will.

Making a will is only the first step, though. Ensuring your will is kept up-to-date can oftentimes prove challenging.