For many people, a will is something that’s done once and then forgotten. But life doesn’t stand still—relationships evolve, families grow, and financial circumstances change. If it’s been several years since you last reviewed your will, now is the perfect time to ensure it still reflects your current wishes and situation.
A will is one of the most important legal documents you’ll ever create. It outlines how your assets should be distributed, who will care for your dependents, and who will carry out your final wishes. Keeping it up to date is essential to avoid confusion, delays, and unnecessary costs for your loved ones.
Why Updating Your Will Matters
An outdated will can lead to unintended consequences. Common reasons to review and update your will include:
- Marriage or separation– These life events can significantly affect your will under Tasmanian law.
- Changes in family circumstances – The birth of children or grandchildren, or the passing of a loved one, may require updates to your beneficiaries.
- Buying or selling property or other assets – Significant changes to your estate should be reflected in your will to ensure accurate distribution.
- Executor issues – If your appointed executor is no longer suitable or willing to act, it’s important to make a change.
Keeping your will current helps reduce the risk of disputes and ensures your estate is administered smoothly and in accordance with your wishes.
Costs and Administration: Don’t Leave It to Chance
Estate administration can be complex and costly if your will is unclear or outdated. Probate and estate administration fees and legal expenses can add up quickly, especially if there are disputes or missing information. A well-structured and up-to-date will helps minimise these costs and provides peace of mind for your family during a difficult time.
How Simmons Wolfhagen Can Help
At Simmons Wolfhagen, our experienced estate planning lawyers can help you review or update your will to reflect your current intentions. We also offer comprehensive estate planning services, including powers of attorney and enduring guardianships, to ensure your affairs are in order and your wishes are respected.
Take Action Today
Wills and estate planning should never be “set and forget.” If you haven’t reviewed your will in recent years, now is the time to act. A small step today can make a big difference for your loved ones tomorrow.
Contact the Wills and Estates Planning team at Simmons Wolfhagen for tailored advice and peace of mind.