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Why have a will?
A will forms your instructions to those you leave behind, setting out your intentions for passing on your money and possessions. With a more mobile society, the shrinking boundaries of the Global Village and the trend towards families of multiple partners, a will is an essential family document.

And the baby-boomer generation, the most affluent in history, has more reason than ever to want to see their property pass safely into the hands of the next generation.

Most people make a will while young and in their prime earning years - long before it is likely to be needed. If family circumstances change - another marriage, more children etc. - the will may be modified, or a new will made. You should then re-register the new will.

But for your wishes to be given proper effect, it must be the last will that your executors and trustees deal with. (Too bad if nobody knows that the one they're using is wrong!) Life is a process of change and it is common for changes to be made or new wills created. But only your last will counts, so you should register it to make sure it can be located.

Your will may have been accidentally lost or destroyed.
Even if you have made a will, the key is to have it easily available to your executors. Over time, papers become mislaid or destroyed. Insects, rodents, mildew and unforseen events fire, flood, earthquake or natural disaster are matters to consider. Store your will securely, or leave it with your own legal professional.

How about a safe deposit box?. Be sure access is possible to the box after your death. For example, if the safe deposit box is in your name alone, it can probably be opened only by a person authorized by a court, and then only in the presence of an employee. If there is delay in making these arrangements, your document will be locked away from those who need access.

In most legal jurisdictions if you marry, or remarry, your old will is automatically revoked (unless expressly made in contemplation of marriage.)

If you and your spouse separate the provisions of your existing will may prevail pending a formal dissolution of the marriage or some other event prescribed by law in your country. You may in this event consider making a new will.

If your marriage is dissolved, your will may be revoked to the extent of any dispositions in favour of your former spouse. You should consult your legal advisor on this matter.
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