Thursday, January 7, 2016

Today's Elder Care / Senior Care Q&A for Thursday, 1/7/2016

QUESTION: How long is a will valid?

Answered by:

Michelle Wilson, Esq.

Wilson Legal, PC

Cumming, Georgia
An ElderCare Matters Partner

ANSWER: The mere passage of time has no effect on the validity of the will. Individuals and families experience life changes every 2 to 5 years. So even though a will remains valid, the individual and family’s needs change. Tax laws and statutes controlling wills and trusts change as well. – Your estate plan – whether it’s a will or trust – should generally be reviewed every 2 to 3 years and more often if you have a major life change such as the birth or adoption of a child, a divorce or marriage, or a significant increase in assets. – Legally, a will does not take effect until the testator dies and the probate court approves the will. Prior to death, a competent testator can amend or revoke an existing will. No notice to or approval of the beneficiaries is required. – You can change your will by writing and signing a new will or signing an amendment to the will called a “codicil”. A codicil is a separate document that explains the changes to the will and you make it effective by using the same formalities as with a will.

21 “Mobile Friendly” Elder Care / Senior Care Directories

If you need help in planning for and/or dealing with this issue or with any Elder Care / Senior Care matter, you can find the professional help you need in one of the following 21Mobile Friendly” Elder Care / Senior Care Directories. These Elder Care / Senior Care – specific Directories are sponsored by the National ElderCare Matters Alliance, an organization of thousands of America’s TOP Elder Care / Senior Care Professsionals who help families plan for and deal with a wide range of Elder Care Matters.

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Today"s Elder Care / Senior Care Q&A for Thursday, 1/7/2016

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