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You should review your will regularly to ensure that it reflects your current wishes and circumstances.
Changing circumstances that could make it necessary to alter your will include:
- A marriage, including that of an heir.
- Birth of a child or heir.
- A divorce, including that of an heir.
- Changes in personal circumstances of a beneficiary, e.g. health or insolvency.
- Purchase or sale of a large asset such as a farm, house, etc.
- Taking on new financial responsibilities.
- Receiving an inheritance.
- Death of a family member or heir.
- Future prospects for the type of business you find yourself in or promotion or changes in your job status.
- Growth in assets that could lead to an increase in estate duty.
- Changes in legislation.
- New estate planning techniques.
Contact an intermediary now for expert advice.
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