You are here: Home Planning Ahead Wills 101 What Should I Do After I ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Wills 101

What Should I Do After I Execute A Will?

« Previous

17/17

Where To Store Your Will

People tend to store a Will in a safe deposit box. However, safe deposit boxes are sealed upon death and generally require a court procedure before they can be opened.

If you store the original of your Will with the lawyer who helped with it:

  • The document will be safe.
  • The document will be available immediately.

If no lawyer was involved, consider storing your will in a fireproof box in your home. 

No matter where your Will is stored, let the person who will be responsible to carrying out the terms of the Will know where it is stored.

Updates

Check your Will periodically to be sure it is up-to-date and continues to reflect your wishes. Make a note in your calendar to review your Will at least once a year.

If you want to make a change, you don't have to rewrite the entire Will. You can make the change by an amendment known as a "Codicil." A Codicil needs to be executed with the same procedure as required for the proper execution of a Will.

Revocation

A Will can be revoked at any time. 

You can revoke a Will by destroying it, or by revoking it in writing. For example, when a lawyer drafts a Will, there is usually a provision in it that all previous wills are revoked.

To avoid confusion, destroy the original of the old one when you write a new will. (NOTE: If there is a question about your mental capacity to write a new will, you can keep the old will and state in your new will that if there is a problem, the old will will govern. That way you won't die without a will if a challenge to the new will is successful.)


Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.