How often a will needs updating depends on the circumstances of its author, who is known as the testator or testatrix. Once it is signed a will remains valid until it is revoked however over time an individual’s family structure and financial circumstances will change. This means that a will drafted a long time ago, even though it is still valid, may not accurately reflect the testator or testatrix’s current wishes.

Generally, you should review your will every 5-10 years to make sure you are happy with it. It is also a good approach to review your will upon the happening of major life events including:

1. Getting married or divorced.
2. Commencing or ending a de facto relationship.
3. The arrival of children or grandchildren.
4. Any significant change to your financial circumstances.

If you would like some advice about your will, please contact Althea at Hornsby Wills and Probate. Ph: 0410 485 277. Email: althea@hornsbywillsandprobate.com.au