Absolutely! Your estate planning documents should be updated when your life circumstances change. Marriage is a prime example of a life change that requires a new estate plan.
This is true for a number of reasons:
- you need to include your new spouse in your will or trust
- if you have children from a prior marriage, you will probably want to ensure they are provided for even though you are remarried
- The law prohibits you from disinheriting a spouse, therefore, if you don't add your spouse to your will, assets intended for others could be diverted to pay the spousal elective share.
Examples of other life events that require a new will are divorce, remarriage, adoption, the birth of a child, disability, or simply the passage of time. Since the law changes from time to time, your estate plan should be reviewed periodically to ensure that it is up-to-date and conforms with the current law in your state.
Contact us today to discuss updating your estate planning documents. Consulting with an attorney will provide you with the information you need to make informed choices about your estate.