Does a Will become outdated?

The last Will of a deceased person is valid no matter how old it is. But good planning requires periodic review and revision of a Will to reflect changes which occur during the lifetime of the testator, in the nature and size of his estate, and in the provisions of the law controlling the settlement of estates.

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1. What is a Will?
2. Should everyone have a Will?
3. What if there is no Will?
4. Does a Will become outdated?
5. Must a Will be witnessed?
6. When must a Will be registered?
7. When should a Will be changed?
8. How much does a Will cost?
9. Does a Will create more probate expenses?
10. Can life insurance take the place of a Will?
11. Does joint ownership avoid the need for having a Will?
12. Are taxes payable on an estate?