Reviewing and updating your will
Things change and leaving an out-of-date will could mean your assets won’t go where you now want them to. Once a will is in place it can be reviewed and updated at any point in the future.
Should you wish to make any revisions to an already valid will (for example to change the executors) this can be achieved via a codicil. The benefit of using a codicil is that, providing their entitlements are not affected, beneficiaries may act as witnesses.
It’s also perfectly acceptable for you to update your letter of wishes yourself and there are no witnesses required for this. However, while your executors have a duty to act in accordance with such letters, they are not legally binding in the same manner as a will or codicil.
If you’re thinking about retirement and safeguarding wealth for your family’s future, ensure you have an up-to-date will that’s flexible enough to deal with changes in circumstance.