The individual designated as the testator within a testamentary document retains the sole authority to modify its contents during their lifetime. This can involve alterations ranging from minor adjustments, such as updating beneficiary addresses, to substantial revisions like changing the allocation of assets or appointing a new executor. For example, a testator might revise their will after a significant life event like marriage, divorce, the birth of a child, or the death of a beneficiary.
Maintaining an up-to-date will is crucial for ensuring that one’s wishes are accurately reflected and that the distribution of their estate aligns with their current intentions. Failing to revise a will after significant life changes can lead to unintended consequences, potentially resulting in legal disputes or assets not being distributed as desired. Historically, the power to alter a will has been recognized as a fundamental aspect of testamentary freedom, allowing individuals to adapt their estate plans to evolving circumstances.