Why it’s worth reviewing your will, trust and Enduring Powers of Attorney
The New Year is a natural moment to pause, reset, and look ahead. Many of us use this time to set goals or make plans for the months to come. It’s also a good opportunity to check in on the legal documents that protect the people and assets that matter most to us. Wills, trusts, and Enduring Powers of Attorney are often created with the best intentions, then quietly filed away and forgotten. However, life and plans change, and your legal documents should change with it.
Why reviewing matters (even if you already have legal documents)
You may already have a will, a trust, or Enduring Powers of Attorney in place, but that doesn’t mean they still suit your current circumstances.
A lot can shift in just a few years, such as:
- Marriage, separation, or blended family arrangements;
- Children growing up, or the arrival of new grandchildren;
- Friends and family relocating or dynamics shifting;
- Buying or selling property and other assets;
- Changes in your business or new investments.
Relationship changes affect how your assets are treated, so it’s particularly important that your documents reflect your current situation. Laws evolve too, which means older documents may no longer offer the protection you expect. A regular review helps ensure everything still aligns with your wishes.
A quick refresher: What each document does
These documents don’t need to be complicated. At a high level:
- Will: Sets out who manages your estate, receives your assets and cares for your children, if you pass away.
- Trust: Helps protect and manage assets over time, often for the benefit of family members or future generations.
- Enduring Powers of Attorney: Appoints people that you trust to make decisions on your behalf, if you become unable to do so. Decisions in relation to your personal care and welfare (medical), and/or for your property and finances.
Understanding the purpose of each document makes it easier to see when updates might be needed.
Common gaps we see
Even well‑prepared plans can become outdated. Some of the issues we regularly come across include:
- Wills that no longer reflect current family dynamics;
- Wills that are now void, due to a new marriage;
- Executors or attorneys who have moved overseas, passed away, or are no longer the right choice;
- Guardianship choices that haven’t been revisited as children grow;
- Trust structures that don’t match how assets are now owned or used;
- No Enduring Powers of Attorney in place at all, leaving families without clear authority in an emergency;
- Digital assets (such as online banking, social media, or cloud‑stored information) not accounted for.
These gaps can create stress, delays, and unnecessary cost at a time when clarity is most needed.
The benefit of reviewing now
A review gives you peace of mind. It ensures your wishes are clear, your family is protected, and your plans still make sense for your life today. It also reduces the risk of future disputes or confusion.
A review ensures that your chosen executors or attorneys know their role, so they’re prepared, if ever needed.
A gentle nudge to get started
You don’t need to rewrite everything. Often the first step is simply checking whether your documents still reflect your current situation. If it has been a few years, or if life has changed, it’s worth taking another look.
If you’d like to make sure your legal documents still align with your wishes, our team at Willis Legal is here to help you review, update, and move into the year ahead with confidence.
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