The Law Offices of James T. Marasco
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Providence: 401-421-7500 | Narragansett: 401-789-1800

Adding and removing beneficiaries from your will

When it comes to your will, you may have many different things to take into consideration. However, the way in which you divide your assets among loved ones is a crucial part of your will and our law office also realizes that this can be an especially difficult aspect of estate planning. For example, you may be uncertain of the best way to distribute assets among heirs and things may change in your life, causing you to rethink how you have set up your will. When this happens, you may even want to add or remove beneficiaries from your will.

Adding beneficiaries may be necessary for many reasons. For example, the birth of a grandchild or adopting a child may give you reason to add a beneficiary to your will. On the other hand, you may find that it is necessary to take someone off of your will. For example, you may not wish to pass down any of your assets to a family member who has become estranged or has carried out a terrible act that has devastated the family. As a result, you may feel that the time has come to remove a beneficiary.

Adding or removing beneficiaries from a will is an extremely important decision that can have a major impact on your estate plan and your loved ones, so it is pivotal to carefully think over these issues before moving ahead. Furthermore, you should make sure that you understand the steps that will need to be taken in order to do so.

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