Updating a Will After the Birth of Another Child
When you first created your estate plan, you might have had fewer children than you have now. Does your current will provide for your after-born children? If not, you may want to revise your will.
You should at least review your will and see if there is any language that needs to be updated. Here are a few scenarios where may wantto update your estate plan:
- You wish to appoint a guardian for a minor child in the event of your untimely death. If you intend for all of your children to go to the same guardian, you might need to amend your will to reflect that.
- If you drafted a will so your children were named specifically rather than being referenced as your descendants or your children at the time of your death, you may need to make some adjustments to your will to ensure all of your children are included in your estate plan.
- If you do have specific bequests you wish to make or you do not want your assets to be equally shared among all your children, then the birth of a new child is a good time for you to go back and make modifications to your will. You can then specify the amount of inheritance each child would receive.
For more information about when and how you should update a will, contact an experienced Tampa, Florida estate planning lawyer at BaumannKangas Estate Law.