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Wills can be challenged, changed and revoked

A will is one of the most important elements in an estate plan. In fact, it forms a lot of the groundwork for all of the elements that will eventually compose your estate plan. As such, this document carries a lot of importance, and it is critical that people who are putting together their estate plan fully consider the ramifications of a will.

Since a will can be legally challenged, changed or revoked, it is easy to see why this is so important. If your will isn't well organized or poorly though out, then it opens up the possibility of beneficiaries or other interested parties to take legal action.

A will can be challenged if one of those interested parties claims that one of a number of potential factors corrupted the will. For example, if the testator didn't have the testamentary capacity to create or agree to the will, then the document could be challenged. It could also be challenged if fraud, undue influence, or another will is involved.

A will can also be revoked or changed by the testator. Revoking a will is fairly simple. Life will change over the years, and major events may force a testator to revoke their current will. To do this, the testator simply destroys that first will and creates a new one. Changing a will is slightly different. You take your current will and make legal and compliant changes to it to reflect a new life event or new feelings you have about your beneficiaries and estate.

Source: FindLaw, "Revoking, Challenging or Changing a Will," Accessed Feb. 5, 2016

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