Why You Shouldn’t Delay Updating Your Will in 2025

As we step into 2025, there are several reasons why this year could be the perfect time to revisit your estate planning documents—particularly your will. Recent changes in laws and shifting economic conditions underscore the importance of ensuring your estate plan is up-to-date and aligned with your current circumstances. Here’s what you need to know about the latest developments and why you shouldn’t delay updating your will.

Changes to Federal and State Tax Laws

One of the most significant reasons to update your will in 2025 is the recent adjustments to federal and state tax laws. Federal estate tax exemption limits have shifted, impacting how much of your estate may be subject to taxation. Similarly, some states, including Georgia, have introduced new regulations that could affect how your assets are taxed. If your will hasn’t been reviewed in light of these changes, your beneficiaries might not receive the inheritance you intended.

New Family Dynamics and Life Events

Life is full of changes—births, deaths, marriages, divorces, and more. If your family has experienced any of these events in recent years, your will may no longer reflect your wishes. For example, you may need to add or remove beneficiaries or update guardianship designations for minor children. Taking the time to revise your will now can provide peace of mind that your estate plan accurately represents your current family situation.

Advances in Digital Asset Planning

Digital assets, such as cryptocurrency, online accounts, and intellectual property, are becoming increasingly important in estate planning. Recent legal updates have clarified how these assets can be included in your will. If you’ve acquired significant digital assets or if your existing will doesn’t address them, 2025 is an excellent year to ensure they are properly accounted for.

Court Rulings and Precedents

New court rulings and legal precedents can have a profound impact on estate planning. Changes to laws governing trusts, probate processes, and powers of attorney may mean your current estate plan is no longer optimal. Consulting with an experienced estate planning attorney can help you understand how these developments might affect your estate.

Avoiding Potential Disputes

An outdated will is one of the most common reasons for disputes among heirs. By reviewing and updating your will, you can minimize the risk of misunderstandings and conflicts, ensuring your wishes are clearly communicated and legally enforceable.

Take Action with Tetreault Law

Don’t let outdated documents put your estate or your loved ones at risk. At Tetreault Law, we specialize in helping Savannah residents navigate the complexities of estate planning. Our experienced and seasoned attorney stays informed about the latest legal changes to provide you with tailored advice and solutions. Contact us today to schedule a consultation and ensure your will reflects your current wishes and complies with all applicable laws. Let us help you secure your legacy in 2025 and beyond.