Your Will - Trustees
Your Will - Discretionary trusts
Your Will - Giving to charities
Your Will - Important drafting points
Your Will - Inheritance and children
Your Will - Inheritance tax strategies
Your Will - Living Wills
Your Will - Marriage and divorce
Your Will - Medical use of your body
Your Will - Mutual wills and mirror wills
Your Will - Post mortem tax planning
Your Will - Property you can leave by will
Your Will - Revoking wills
Your Will - Choosing executors
Your Will - Why make a will
Your Will - Keeping it within the family
Revoking your will
Introduction
This article is one of a set about wills. While some of the information pages explain various pieces of legislation which are relevant to making a will, others explain a particular aspect of will writing that you might like to consider.
This article explains how to revoke your will.
You can revoke your will by:
· making a new will, but beware: a will is revoked by a later will only to the extent that new provisions are inconsistent with it. So it is wise always to state that your new will revokes all earlier ones. In practice, if your executors believe they have your latest will, they are unlikely to hunt around for an earlier one which may complicate your estate.
· marrying;
· destroying your old will - preferably in circumstances that make it very clear that you intend to revoke it and are not destroying it accidentally.
If you revoke simply by making a new will and including the usual words of revocation, make sure that you exclude any foreign will in your revocation. If you do not, the arrangements you thought you had made for your villa in Spain may not be effective after all.
A very important point to be aware of is that you must not alter your existing Last Will in any way. You must not cross portions out or add other words or blocks of text to it. You should not attach extra pages with pins, staples or clips. It is far better to prepare a new Last Will altogether and then destroy the old one.
Here are just some of the events that would ordinarily require a change to your last Will - there are other reasons:
- if you marry or divorce
- the birth or adoption of children
- to add or change guardians for children
- a significant change in financial status
- a significant change in tax laws
- a desire to add beneficiaries
- a desire to change beneficiaries
- the death or incapacity of a named executor or trustee
- to change personal details like address changes for you or someone mentioned in the will
Signing and dating your Will is known as executing your Will.
Net Lawman offers 17 different will templates. They are listed and explained here.
A full list of help articles about wills is listed top of this page.
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