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When and how will my Will take effect?A Will does not take effect until you die. Therefore, if you specify in your Will that you leave certain property to someone (for example, a diamond bracelet to your sister or a car to your brother) you may still sell it or mortgage it or deal with it in any way you choose during your lifetime. If you no longer own that item at the time of your death, then the Will is interpreted as if that property did not exist. Of course, you may also change your Will at any time. May 2008 Back Content last reviewed 18:51, 12 February 2009.
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These FAQs cover the law at the time these questions were prepared. Every effort has been taken to ensure the accuracy of these FAQs. However, laws change and every situation is different, so do not take action using this information without consulting a lawyer. |