What reasons are there to change or update a will?

Typical reasons for changing or updating a Will are:

(1) You marry or divorce;

(2) Birth or adoption of child;

(3) Death of a family member or beneficiary;

(4) Changes in the Federal Estate Tax laws or State Tax laws;

(5) Substantial change in the value of your estate;

(6) Change in the nature of your property holdings;

(7) A Guardian or Executor or Trustee moves away, dies, or is no longer willing or able to serve;

(8) Your children are no longer minors, or are old enough to handle financial matters on their own;

(9) You move to another state; or

(10) You wish to eliminate gifts to certain beneficiaries;

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All content is for informational purposes only. It is also only intended to relate to Mississippi Estate Planning Law.  If other states are mentioned, they are mentioned as an example only. No legal advice is provided in this content. Laws change so you need to check for any updates by current laws in Mississippi.