Reviewing Your Will: A Three-Year Rhythm
A Will is not a document one signs and forgets. It is a snapshot of the testator's circumstances and intentions at a particular moment, and both will change.
We recommend, as a general rule, a brief review every three years. Most reviews conclude in a single meeting and require no amendment to the document. Some do require an amendment, and the cost of attending to it promptly is invariably less than the cost of attending to it after the fact.
More important than the calendar are the events that should prompt an immediate review: a marriage or divorce, the birth or adoption of a child or grandchild, a material change in the value or location of assets, a relocation to or from the UAE, or the death of an executor, trustee or beneficiary.
We hold our clients' Wills on file and write to them at the appropriate intervals. The review is included within our ongoing relationship. It is, in our view, the simplest of the services we offer, and one of the most quietly valuable.
Written by the solicitors of LEX Services for the senior expatriate reader.
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