According to the experts at Footprint NZ, writing a Will in New Zealand is important—but keeping your Will up to date is equally as important!
Footprint reveals that maintaining your Will so that it reflects your current assets is essential when it comes to ensuring that a person’s last wishes are met and that no assets are forgotten or go amiss.
For example, if you left a thoughtful gift to someone special when you first created your Will, but no longer have that item in your possession, now is a good time to update your wishes as the beneficiary may not be able to pick a substitute gift in its place.
Additionally, when obtaining new assets of significant value, it is equally as important that your Will be updated to reflect this change. If you have a specific beneficiary in mind that is not yet mentioned in your Will, you should also ensure they are included in your update.
Specialists at Footprint NZ advise that Wills should be reviewed regularly and updated immediately in the event of any major life changes such as getting married, having children, getting divorced, or buying a house.
When it comes to buying a new home—especially for the first time—you should update your Will or take this opportunity to invest in one. This is because how you own property impacts your estate and can be a strong factor when distributing assets and determining who gets what after you’re gone.
With this in mind, people should consider how they want their property ownership to relate to their financial wishes in their Will.
If you’re interested in making a Will or updating your current Will to keep it relevant, Footprint’s online Will writing service is an excellent solution to consider.
Easy and affordable, with 24/7 online access to your digital vault, Footprint subscribers can keep their Will’s updated with ease.
Once you become a subscription holder with Footprint NZ, you can update your Will every year. You also receive an email notifying you when your annual Will update is available. As this is all included as part of the subscription package, you will accrue no additional costs for this service.
Another advantage is that this once-a-year update can also be used at any time throughout the year—which makes accommodating any new life changes a piece of cake.
To find out more about the company’s Will Packages online, get in touch with them today at: https://www.myfootprint.co.nz/
