Question: How long is a will valid?

ANSWER: The mere passage of time has no effect on the validity of the will. Individuals and families experience life changes every 2 to 5 years. So even though a will remains valid, the individual and family’s needs change.

Tax laws and statutes controlling wills and trusts change as well. – Your estate plan – whether it’s a will or trust – should generally be reviewed every 2 to 3 years and more often if you have a major life change such as the birth or adoption of a child, a divorce or marriage, or a significant increase in assets.

Legally, a will does not take effect until the testator dies and the probate court approves the will. Prior to death, a competent testator can amend or revoke an existing will. No notice to or approval of the beneficiaries is required.

You can change your will by writing and signing a new will or signing an amendment to the will called a “codicil”. A codicil is a separate document that explains the changes to the will and you make it effective by using the same formalities as with a will.

For more information contact Kathy Tatone, Your Family Guardian Law Firm, 612-604-5146, 4500 Park Glen Road, Suite 220, St. Louis Park, Minnesota 55416.