Crafting a will is important for making sure your assets and heirlooms go where you want them to when you are dead. However, some circumstances may necessitate the revocation of a will.
Understanding the various reasons why you might need to revoke a will can help you make informed decisions about your estate planning.
Changed circumstances
Life can be unpredictable, and situations might change after you first write your will. Getting married, having kids or experiencing a loved one dying could all change who you want to give your assets to. If any big life events happen, it is a good idea to look at your will again and revoke it if you do not feel satisfied with how it currently is.
Disinheritance
Sometimes, relationships sour, and you may wish to disinherit a family member or beneficiary named in your will. Whether due to estrangement, conflicts or other reasons, you have the right to exclude individuals from inheriting your assets.
Legal formalities
Creating a valid will involves adhering to specific legal formalities. If your will does not meet all legal requirements in Missouri, it may be invalid. Common reasons for invalidation include improper execution, lack of witnesses or incapacity at the time of signing. In such cases, it is important to revoke the defective will and draft a new one.
Creating a new will is perhaps the most common way to revoke a previous one. When you make a new will, it cancels the old one automatically, which means whatever you put in the most recent one is what counts for your future.
