Are you wondering when to review your last will? In Western Australia, regularly reviewing your last will is essential to ensure it reflects your current wishes and circumstances. While there's no mandatory timeline, experts recommend you review your last will every 3-5 years or when significant life changes occur.
Key Times to Review Your Last Will
1. Major Life Events
It's crucial to review your last will after significant life changes such as:
Marriage or divorce
Birth or adoption of children
Death of a beneficiary and/or an executor
Changes in family relationships
2. Financial Changes
Review your last will when your financial situation changes significantly:
Purchasing or selling property
Starting or selling a business
Receiving an inheritance
Major investment changes
3. Relocation Considerations
When moving interstate or overseas:
Review your last will to ensure cross-jurisdiction compliance
Consult legal professionals in both locations
Update documentation as needed
4. Legal and Tax Updates
Regular will reviews help you stay current with:
Changes in estate laws
Updates to tax regulations
New estate planning opportunities
5. Personal Preference Changes
Sometimes you may need to review your last will simply because:
Your wishes have changed
You want to modify beneficiary allocations
Guardian preferences have changed
Asset distribution plans need updating
Expert Guidance for Will Reviews
When you review your last will, it's essential to ensure all changes are legally valid. At Crystal Lawyers, our estate planning lawyers can help you:
Conduct a thorough will and estate planning review
Update beneficiary designations
Ensure legal compliance
Optimise tax efficiency
Take Action Today
Don't wait until it's too late to review your last will. Contact our experienced team at Crystal Lawyers for professional guidance on updating your will in Western Australia.
Contact Us
📞 Call us today: 04211 45637 ✉️ Email: val@crystallawyers.com.au
Ensure your legacy is protected - review your last will with Crystal Lawyers today.
Comments