The Importance of Regular Will Reviews
Why Keeping Your Estate Plan Up to Date Matters More Than You Think
Most people understand the importance of having a will—but far fewer realise that simply having one isn’t enough. Life doesn’t stay the same, and neither should your estate plan.
Regularly reviewing and updating your will is essential to ensure it still reflects your wishes, your assets, and your family situation. Let’s take a closer look at why this matters and when you should review your will.
Life Changes—Your Will Should Too
Your will is a snapshot of your intentions at a certain point in time. But life moves on. Relationships change, assets grow or shift, and new responsibilities come along. If your will doesn’t evolve with you, it may no longer protect the people or things you care most about.
Here are some common life events that should trigger a will review:
Marriage or divorce
The birth or adoption of children or grandchildren
Buying or selling a home or business
A significant increase or decrease in wealth
The death or incapacity of a named executor or beneficiary
Relocation to or from New Zealand (as laws may differ)
Outdated Wills Can Lead to Family Disputes
An outdated or unclear will can create confusion and conflict—often at an already emotional time. If your will hasn’t been updated to reflect your current situation, family members may be left unsure of your intentions, and that uncertainty can lead to legal challenges or fractured relationships.
Regularly reviewing your will ensures your estate is distributed according to your wishes and gives your loved ones clarity and peace of mind.
What to Review in Your Will
When reviewing your will, consider the following questions:
Are the people in your will (beneficiaries, executors, guardians) still the right choices?
Do your assets listed still reflect what you own today?
Does your will account for any trusts, companies, or superannuation/KiwiSaver funds?
Have your wishes around funeral arrangements, gifts, or charitable donations changed?
A review doesn’t always mean a full rewrite—but it ensures everything stays aligned with your goals.
How Often Should You Review Your Will?
As a general rule, it’s good to review your will:
Every 3 to 5 years, even if nothing major has changed
Immediately after a significant life event
Any time your financial or family circumstances shift
Think of it as a financial health check—simple, proactive, and essential for peace of mind.
Final Thoughts
Your will is one of the most important documents you’ll ever create—but it only works as intended if it stays up to date. A regular review ensures your legacy is protected, your wishes are respected, and your family is taken care of.
💬 At New Vision Financial Services, we can help you make estate planning part of your wider financial strategy. If you're unsure whether your will still reflects your intentions, let's talk.
📍 Visit nvi.nz to get started today.
Nimalka Perera
Business Development Manager
New Vision Financial Services
Plan your future and let us help you have peace of mind along the way.
