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Update will each time change savings account?

Does your will need to be updated each time you change your savings account to get a better interest rate?

Comments

  • naedanger
    naedanger Posts: 3,105 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 22 March 2021 at 11:31AM
    No. Indeed it is usually a bad idea to identify accounts or even specific assets in your will. See the following thread for more details and consider getting your will professionally written.
    https://forums.moneysavingexpert.com/discussion/6252553/assets-including-in-a-will#latest
  • TBagpuss
    TBagpuss Posts: 11,237 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No. Don't identify separate accounts in th will itself, just set out the proportion of your assets you want each beneficiary to have.

    It's sensible to keep a separate list of what accounts / other assets you have for your executors to refer to - maybe keep it with a copy of the will and either let your executors know where to find it or keep it somewhere obvious and clearly labelled so they can find it when thy start to deal with the estate. 
    All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)
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