When should I review my Will?
A checklist

This will ensure that your Will continues to reflect how you would like important matters — like your financial and personal care decisions — to be handled upon death.
A Last Will and Testament can be updated in two ways:
- making a new Will, or
- making a codicil, which is a separate legal document that is used to make minor modifications to an already existing Will.
If you answer “yes” to one or more of these questions, contact us today to review and update your Will.
1. Have you married, re-married, divorced, or been widowed?
2. Have you entered or ended a common-law relationship?
3. Have you been diagnosed with a chronic or terminal illness?
4. Have you started a business?
5. Have you claimed bankruptcy?
6. Have you received an inheritance?
7. Has the value of your estate significantly increased or decreased for any reason?
8. Have their been changes to tax laws that impact you or your estate?
9. Have you given birth or adopted a child, grandchild, or other dependent?
10. Have your children, grandchildren or other heirs reached adulthood?
11. Has someone named in your Will passed away?
12. Have your intended beneficiaries experienced significant life or family changes (e.g. divorce/separation, marriage, common-law partnerships, births or adoptions)?
13. Is your executor unable or unwilling to administer the estate for any reason?
While there are several reasons to update your estate plan, you should always know and understand the related laws before changing your wishes. Our experienced estate planning attorneys can help you discuss your recent life changes or other events that may trigger a review and update of your Will.
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Khan Law is a boutique law practice that has been providing legal services to the Greater Toronto Area since the year 2000.