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News: Wills 'should be reviewed regularly' News: Wills 'should be reviewed regularly'

Wills 'should be reviewed regularly'

By Sarah Engle, Tue 1 Jul 2008 - Published in Banking

Wills 'should be reviewed regularly'

Once you have written a will you should not just leave it in a drawer and forget about it, according to Help the Aged.

Helen Foster, head of wills and legacies at the charity, said people should be looking at reviewing their wills "at least every five years".

She also advised that occasions when your circumstances alter, such as the birth of a child or a "major change in assets", provide good opportunities to reassess where you want your property to go when you die.

Ms Foster explained that for those who do not know where to start there are numerous organisations who can offer help in writing a will.

She suggested approaching a charity, a government body or the Citizens Advice Bureau.

Solicitors will also be happy to offer advice, but Ms Foster pointed out they are likely to charge for their services.

A report by the Co-operative Legal Services revealed 72 per cent of Brits had no intention of making a will at the moment, with two-thirds of those questioned saying they were too young and 40 per cent claiming they did not have anything to pass on.

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