A Will is a legal document explaining how your Estate (everything you own) is to be dealt with after you pass away.
Click here to find out more and book a time to lock it in.
A will is not something we like to think about – but really important to have.
WHAT-YOU-NEED-TO-KNOW-BEFORE-YOU-MAKE-A-WILL.PDF
A will can be made if you are over 18 years and have full mental capacity. Reasons to make or update your will include:
Some property cannot be gifted through your will. For example, if you own a property with someone else, such as a spouse as joint tenants, the other joint tenant is entitled to your share upon your passing, regardless of your will. Superannuation needs to be considered differently and needs to be discussed with your lawyer.
If you have separated with a partner and are not yet divorced, you don’t want your assets to automatically go to your estranged husband or wife – or your old will is no longer in line with your future needs. This makes it is even more crucial to ensure that your assets are left in accordance with your wishes – be it for your children, family or causes that are important to you.
You may also need to consider appointing a guardian for the care of any children under 18 in case you or your former spouse is no longer around.
A simple will the most common type of will that is very straightforward. It will determine who is to control and receive the benefit of everything you own when you pass away.
If you require something more complex, like the creation of testamentary Trust, contact us to obtain a quote. More complicated wills are generally only recommended to those who are leaving a substantial inheritance to their beneficiaries. This type of Will has asset protection and taxation advantages, but is more costly. We can discuss whether it is right for you at your consultation.
Marriage in Australia generally cancels an existing will – unless the will was made in contemplation of marriage.
If you are in a relationship and planing on marrying in the near future, but are not sure at the time of will-making, the law in New South Wales (and most Australian states) provides that if you express that expectation in your will and the marriage goes ahead, your will remains valid.
Safeguard your family and protect their future.
You can specify when the attorney’s powers begin, either immediately or only if you lose capacity.
An Enduring Power of Attorney is a crucial tool for managing your financial and legal affairs, providing security and peace of mind for both you and your loved ones. By planning ahead, you can ensure that your interests are protected and your wishes are respected, no matter what the future holds.
An Enduring Guardian document is a crucial tool for managing your personal and healthcare decisions, providing security and peace of mind for both you and your loved ones. By planning ahead, you can ensure that your preferences are honoured and your well-being is protected, no matter what the future holds.
If you have separated and are not yet divorced – not appointing an enduring guardian may leave your former spouse with unimaginable right to control decisions about your health. This decision may almost certainly be better left with a trusted friend or family member.
Book a free intro consultation with us today to discuss your needs.