Make Sure That Your Will Keeps Pace With Your Life
Your will reflects the time when it was created. Many people have good intentions to update their wills but often fail to do so. You can update your will any time by adding an amendment to reflect your life changes.
Here are some circumstances that make it critical to update your will:
- You want to name a different personal representative, trustee, or guardian.
- Your estate has increased or decreased significantly.
- You’ve moved to another state.
- Your situation or a beneficiary’s situation has changed because of marriage, divorce, birth, adoption, or death.
- Tax laws have changed.
- You want to include a charitable gift in your will. If you wish to remember Memorial Sloan Kettering, consider leaving us a percentage of your estate so your gift will remain proportional to your estate size, no matter how it fluctuates over the years.
If you have additional questions on updating your will or are considering adding a gift to MSK, please contact an estate planning attorney, or contact giftplanning@mskcc.org or 800-688-1827 for more information.