It’s necessary to review your will and trust deed regularly
~ Written by Phia van der Spuy ~
February 4th, 2022
When someone has a will drafted or a trust registered, it is done given specific circumstances and at a point in time in one’s life. These circumstances do change. One could (and should) therefore review one’s will and trust deed on a regular basis, but at least once a year, to ensure that its terms are still relevant and representing one’s current circumstances. For example, one may have gotten divorced or married, one particular family member may become more reliant on financial support from the estate planner than others, children or other family members may have emigrated, which may introduce resultant tax complications for them as heirs and/or beneficiaries, etc. Laws may also have changed, which may warrant an amendment of the trust deed. The beginning of the year is a good time to review your will and trust deed.