As the new year begins, it’s a great time for fresh starts and thoughtful planning. While many focus on resolutions like improving health or developing careers, the beginning of the year is also the perfect time to address an often overlooked but essential task: making or updating your will!
A will is more than a legal document – it’s a way to provide clarity, protect your loved ones, and ensure that your wishes are honoured. Whether you’re drafting a will for the first time or updating an existing one, here’s a guide to help you get started in the new year.
Why you need a Will
If you don’t have a will, the state determines how your assets will be distributed upon your death, a process that may not align with your wishes. A will allows you to:
- Designate how your property will be distributed
- Name guardians for minor children
- Appoint an executor to manage your estate
- Specify charitable donations or gifts to friends and family
Creating a will ensures your legacy is handled according to your intentions and minimises stress and uncertainty for your loved ones.
Reasons to amend your will in the New Year
Life changes rapidly, and your will should reflect your current circumstances. Here are some common reasons to review and amend your will:
Family changes – marriage or divorce: update your will to include a new spouse or remove a former partner. Children or grandchildren: include new family members to ensure they are provided for.
Changes in assets – have you purchased property, received an inheritance, or acquired other significant assets?
Changes in relationships – update beneficiaries or executors if your relationships with them have changed. Add or remove friends or relatives based on your current wishes.
Charitable contributions – If you’ve developed a new passion for a cause or charity, include it in your will to leave a meaningful legacy.
Make 2025 the year of preparedness!
The start of a new year is a natural time to reflect on what matters most. Creating or amending your will is an act of care and responsibility for your loved ones. By addressing this important task, you can move forward with peace of mind, knowing your affairs are in order.
Take this opportunity to contact us and ensure your legacy aligns with your current wishes. It’s one resolution you’ll be glad you kept.
