Unfortunately, the relationships with family, friends, and your charities change all the time, so many people who previously created a will would like to know if they can revoke or modify a will. Initially, you may have intended to leave a specific property or assets to a family member, but the relationship with that member might have gotten worse as time goes on and would like to redistribute your wealth.
Fortunately, you can revoke or change a will easier than creating one. It is even recommended to review your will every few year. The testator, the name of the person who makes the will, should understand where does the property goes after they pass away. In certain circumstances, there are so many changes that could happen such as a family member getting married or divorced, might lead to a will getting scrapped and the testator creating a new one.
Moreover, federal and state estate and tax laws change all the time, as a result, how the property is taxed can have a big impact on a will. By constantly reviewing a will, it can ensure that the estate is not subjected to unwanted taxes when distributed.
It is possible to make simple changes to a will by executing a codicil. The codicil is an amendment to a will. The codicil should be signed before two witnesses who also sign the codicil. It is also kept with the will so the testator’s last will and testament can be carried out fully.
You can also revoke a will meaning terminating the will entirely. It could happen when there are too many changes that happened to the testator that the previous will no longer hold up its value. Thus, when a will is revoked, a new will should be drafted in order to avoid your assets distributed according to the state laws. Creating a new will, burning, tearing or any form of destroying the will is considered a revocation of a will.
To modify or revoke a will, contact a trusted and experienced wills and estates attorney in the West Bridgewater area today. With a proper will, it ensures that your wishes will be carried out according to your will after you pass away. If you have any questions or concerns about creating, modifying or revoking a will, Attorney Andrew H.P. Norton can resolve your troubles right away. Attorney Norton has over 25 years of experience in helping families in Brockton, Easton, Plymouth, Taunton, and other communities in the Plymouth, Bristol County. Contact our West Bridgewater office today at 508-427-5700 and receive a FREE consultation.