'Trigger events’ can prompt changes to your estate plan

There are numerous ‘trigger events’ that may require you to make changes to your estate plan.

That is true regardless of whether those events affect you personally or whether they affect immediate family members, executors and guardians named in your will, attorneys under an enduring power of attorney or proxies appointed under your healthcare directive.

Common trigger events include birth, marriage and death; legal separation or divorce; serious illness; a change of religion; a long trip or a change of country of residence; or a change of job or retirement.

Should you be considering marriage, or recently married, you should be aware that any Will made before your marriage will no longer be valid. If you do not make a new Will in contemplation of your marriage, or a new Will after marriage, the succession rules in the Succession Act will automatically apply for the distribution of your estate assets. By making a new Will on marriage, you avoid the succession rules coming into play on intestacy that will probably not reflect your wishes…

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