Helpful suggestions from the AARP. A will is always a work in progress until such time as you, hmmm, how should I say this, shuffle off this mortal coil, buy the farm, flat line, take the dirt nap or legally be no longer required to file a tax return. They suggest six specific times when you should review and adjust your instructions for the post-mortem divesting of your vast wealth. Here they are with a few examples I have provided as a service to my readers:
- Your marital or familial status changes. (Your recently acquired trophy wife, 30 years younger than you, gets a new personal trainer named Flavio).
- One or more of your beneficiaries has a major life change. (Your ne’er-do-well son becomes a personal trainer and changes his name to Flavio).
- You move to a new state or country. (Or are an ex-president about to take up long-term residence on Rikers Island).
- Your assets increase. (Finally hit the lotto just before you croak).
- You change your mind about something important. (Saving the Asian Small-Clawed Otter from extinction is no longer a priority).
- You haven’t reviewed your will in years. (Because who gives a rat’s ass? You’ll be dead).
Good advice as the one universal truth about life is that we all want to depart our corporeal body with our paperwork in order!