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need to strongly consider designating a new personal representative if you’re now concerned for any reason about your original choice.
Forgetting about all of those pesky statutes that affect wills
Remember that the laws of the state in which you live play an impor- tant role in what happens to your estate. While you can “override” some of those laws in your will, others are “carved in stone.” As you’re deciding what you want to write in your will, keep in mind the statutes that you need to deal with. For example, remember that abatement statutes come into play when your estate is not valuable enough to meet all of your obligations (such as money you still owe) plus what you’ve specified in your will about what your beneficiaries are supposed to receive.
It is recommended that you work with your attorney on a number of “what if” scenarios. (For example, what if the value of your stock holdings falls dramatically, how does that affect what you want to do in your will?) When you do your annual will review, be sure to make any necessary changes to keep unfavorable statutes from coming into play.
Avoiding Common Mistakes and Problems in Your Will 29