It is a well-known fact that 33 percent of people buying houses are first-time homebuyers.
So, you have just bought your first house, or this is an addition to the ones that you already have. Well, many people are so excited when they buy a home that they forget one vital element of life – estate planning.
Studies show that more than half the population of adults in the country hasn’t come up with a will yet. They are still procrastinating on whether a will is ideal or not.
We have a few triggers that will make you decide to update your estate plan, that is if you have one, or to come up with a new one if you don’t have one at all. Purchasing a home is one trigger that you need to work with.
Let us look at a few tips to help you update your estate plan the right way when you buy a home.