Rewriting wills

[JKramer]

How often should you rewrite your will?

Assuming your marital status stays the same and you have no additional beneficiary and that your partner is still alive.
You may have acquired additional assets, or have inherited assets yourself, or if your cash and stock values are different from when the initial will was written.
Do you have a certain criteria to fulfil before rewriting the will? A materiality theshold?
Peoples? financial position changes all the time so it doesn?t make sense to rewrite it after every single tiny event.
Also when is it a ?must do??

Not a probate speciakist, but AFAIK:

• no minimum threshold for changing - you can rewrite as often as you like
• on asset changes etc. you would need to adjust if you'd made all specific legacies and didn't specify a residuary beneficiary, but that would be an unusual will!
• otherwise asset increases etc. would only really trigger a rewrite if you're getting close to or over the inheritance tax thresholds.