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You wouldnt be wrong to assume estate planning is more common among seniors, where fewer variables are likely to change within the assets, benefactors, and executives involved. But there is more to a will than simply assigning a loved one to inherit your house. Life circumstances can change between the day you first write a will and the day it will be enacted, so its important to have one thats up to date along with those life changes. In this video, well discuss common events that prompt updating a will. For example, theres a new addition to the family. While we may associate writing a will as a task for the elderly, one of the most valuable functions of a will is that a test dater can assign future guardians of their children. For this reason, becoming a parent for the first time is actually a common reason people write their first will. You Get a Divorce while exact laws vary state by state, a divorce typically revokes any gifts that were intended for the now-former spouse. And
