Even if you already have a will, it should be reviewed periodically and updated if necessary. Is your name and address the same since your last will? Have any of your heirs become deceased since your last will was written? Have any other conditions of your heirs changed, such as their financial condition, mental or physical health? Have your minor heirs reached the age of maturity? Are you interested in giving an additional portion of your estate to a new party, such as to a new grandchild, or to a charitable organization? Has your own financial condition changed? Has a new child been born to you, which is not included in the current will? These are just a few of the many reasons, you may want to re-read and possibly revise your will. It's often a good idea to employ a competent attorney specializing in wills to review your will with you. A will should be reviewed every three to five years, more often if your financial or family situation changes.