Small changes (e.g. changing an executor or adding a legacy) can be made using a codicil to the original will - this costs less than a new will.
Bigger changes mean starting afresh. The more complex the will, the more expensive it will be. It will need to state that all previous wills are revoked. You must also destroy all old versions and tell your executor(s) where your new will is kept.
Reasons you need to change your will
- Getting married - any existing wills are revoked when you marry in England and Wales (but not in Scotland).
- Getting divorced - your married will is not revoked, but in England and Wales your ex won't benefit.
- New children or grandchildren - you may wish to include them as beneficiaries.
- Buying a house - it's a big purchase and it's good to mention it.
- Coming into some money? Say who will be the beneficiary.
- Losing a loved one? You'll need to update the will, especially if they are an executor.
