Everyone, even with modest assets, should have a current valid Will. This generally ensures that your wishes are carried out on your death and determines who is responsible for carrying out those wishes.

Keeping your Will up to date when circumstances change can be one of the most important aspects of an estate plan.

Various state laws can be exercised if you do not have a valid Will which could mean that, ultimately, your wishes are not carried out as you had intended. There could also be unnecessary costs, delays and financial hardships to those surviving loved ones.

The impact of divorce or marriage should also be considered as divorce does not automatically nullify your Will. However, marriage or remarriage automatically may invalidate any existing Will. Your Morgan Wealth Management advisor can ensure that these and other important aspects are not overlooked.