A leading High Wycombe-based law firm is reminding local people of the need to keep their Wills updated to reflect any changes in their wishes or circumstances.
Lawyers from Reynolds Parry Jones LLP, which has offices on Easton Street in the town centre, say that people risk leaving loved-ones with nothing if their Will is not up-to-date and validly drafted.
Roderick McCulloch, a Partner at the firm and Head of the Private Client department, said: “A Will is the only way that a person can determine what happens to their wealth, assets and possessions after they are gone.
“However, it is easy to forget how quickly circumstances change and how that might have a bearing on your wishes or even on the validity of your Will.
“Perhaps the most important life event that can have a bearing on your Will is marriage, because a Will made before you marry ceases to be valid after your wedding.
“There are other circumstances too that can have a major impact on your wishes, such as the birth of a child or grandchild or the death of a beneficiary.”
He said that people should keep their Wills under regular review throughout their lives and especially after any major life events.
Roderick added: “Failing to keep your Will under regular review and up-to-date can have perverse consequences, such as seeing large parts of your estate bequeathed to an ex-husband or wife, rather than your children or a new partner.”
Where a person dies without having a valid Will in place, their estate becomes subject to the intestacy rules, which will automatically distribute the estate amongst certain relatives.