A will (which should be accompanied by other important documents) is a foundational estate planning document. However, according to Gallup, only 46 percent of US adults have a will. This number has remained consistent in Gallup polls dating back to 1990. If you are among the minority of Americans with this crucial estate planning document, then you probably recognize the risks of not having a will. But simply creating a will does not mean that your estate plan is complete or final: your will may need to be updated from time to time. Your will may even need to be revoked and redrafted entirely. Usually, revoking a will is a purposeful act on the part of the will maker (also known as a testator). Many states have laws that automatically revoke a will, or portions of it, in specific situations. Additionally, certain actions by a beneficiary can also revoke that person’s interest in the will.
What Is In a Will?
A will—more formally known as a last will and testament—provides instructions about who should receive a person’s money and property after the person’s death and potentially who they would like to care for their dependents. A basic will should specify the following:
- the person or people who receive personal assets (e.g. property, bank account balances, investments, business interests, and personal possession) and in what amount
- an executor or person responsible for making sure the instructions in the will are carried out
- possibly include guardian arrangements for minor children (if they are addressed in a separate estate planning document).
When a person passes away, their will goes through a legal process called probate, usually in a probate court located in the county where they lived. Although there are circumstances which may require a probate in a different county or state. But if a person dies intestate, meaning without a will, the court must follow state laws that control the distribution of a person’s assets and the appointment of executors and guardians. Most people want to make their own decisions about such important matters, rather than leaving them up to the state. Yet state law will determine what will happen if a person does not have a will.
Creating a basic estate plan does not have to be overly expensive or time-consuming. In addition, an estate plan should be updated as life circumstances dictate. Many people change their estate plan when they get married or divorced, have a child, accumulate more wealth, buy new property, retire, or move to another state or country. The testator might also have a change of heart about beneficiaries or a fiduciary appointment due to a personal falling out or changes in the circumstances of a beneficiary or potential fiduciary.
Estate planning attorneys generally recommend revisiting—and possibly updating—a will every few years. Even if the person who created the will has not experienced a major life event, periodic reviews are essential to ensure that the will still accurately represents their intentions and relevant law.
Updating an Existing Will
So long as the testator has the needed capacity, a will can be updated as many times as they like. Changes to a will that do not completely redo the will are made using a legal document called a codicil. Like the execution of a will, executing a codicil usually requires that the person who is creating or changing their will sign the will or codicil in the presence of at least two witnesses. Codicils are something of an anachronism dating to the time before computers, when drafting a new will by hand was more onerous. Nowadays, it is easier than it used to be to create a new will that contains the amended portions.
The American Bar Association also cautions that codicils can lead to confusion or legal challenges if they create ambiguities when read together with the provisions in the original will. Using a codicil to make minor changes to a will—such as changing the executor—does not necessarily revoke it. However, in some states, a codicil can be used to republish or revoke a will.
Executing a New Will
Your estate planning lawyer will likely advise you that a codicil is not worth the potential problems it can cause and instead recommend you make a new will. The new will must be properly executed in accordance with state law. In addition, the will should contain language that clearly states the will maker’s desire to revoke all prior wills and codicils. However, there may be instances in which the will maker does not want all prior wills revoked (e.g., they may need to have a separate will for property owned in a foreign country). This is why it is important to work with an experienced estate planning attorney, to ensure you are revoking and restating only those parts you mean to.
Destroying an Old Will
The fastest way to revoke a will is to physically destroy it. States have different definitions of what qualifies as the destruction of a will. Usually, the state statute includes some variation of the phrasing that a person can revoke their will by “cutting, tearing, burning, obliterating, canceling, destroying, or mutilating” it. Note that this definition does not include making notes in the margin or placing an “X” through part of a will.
Most state laws provide that the destruction must be done with the intent and for the purpose of revocation, so accidentally destroying a will may not revoke it.
Electronic wills may have different definitions for revocation by destruction. Florida, for example, says that an electronic will or codicil is revoked when it is deleted, canceled, rendered unreadable, or obliterated.
The law may allow the will maker to direct another person to physically destroy a will on their behalf, provided that the will maker is there to witness it. State law may also require the presence of two additional witnesses. In Texas, the law states a testator may revoke by destroying a will by their own hands or causing the will to be destroyed in their presence.
Depending on the state, there could be a presumption that the will was destroyed if it cannot be located. However, most states have processes by which lost wills may be proven by using copies and one or more disinterested witnesses. If the intent is to revoke a will, it is best to consult an experienced estate planning attorney. If the destruction of a will does not comply with the requirements of state law, the court may rule that it was improperly destroyed and treat it as though it is still in effect. Typically, when somebody destroys an old will, they make a new will. But if the old will is not legally revoked, and a new one is created, the existence of multiple wills could lead to litigation.
Revoking a Will by Operation of Law
State law may provide that a will is revoked, in part or in full, if certain events take place, such as the following:
- If a person gets divorced or has their marriage annulled, any part of the will referring to their spouse or the spouse’s family, is automatically revoked.
- There is a new will or codicil which includes provisions which contradict provisions in the old will or codicil.
- A beneficiary’s interest is revoked under a “slayer statute” if the beneficiary kills the testator.
Thinking of Changing Your Will? Talk to an Estate Planning Lawyer
Whether you are making minor changes to your will or destroying the old one and starting from scratch, any revocation of your will must comply with state law. Otherwise, a court might not recognize your final wishes, which can produce consequences akin to not having a will at all and cause your loved ones additional stress and potential conflict. An estate plan should be updated every few years to take into account new milestones and directions as well as changes in the applicable law. Nielsen Law PLLC provides family focused estate planning in the Austin, Round Rock, Cedar Park, and the Central Texas area. For more information and to learn about our firm, please contact us. We look forward to hearing from you.