Wills
A Will is a written document setting out how your assets should be dealt with after your death. It can also include directions as to appointment of guardians of children and instructions for your funeral.
Every one should have a Will and it is extremely important that the Will be reviewed from time to time to ensure that it is up to date and accurate. As a Will comes into effect only after your death, any error or ambiguity cannot be corrected by you.
There are specific requirements for the signing and witnessing of a Will and legal advice should be sought when making a Will.
The Will can be very simple or complicated, depending on an individual's situation. Wills are often not given the consideration which they deserve, given the impact they have on family, finances and lifestyle.
10 Important Questions Relating To Wills
- Why have a Will?
- Who should you name as Executor to carry out the wishes of your Will?
- How do you make sure personal objects, e.g. vehicles, jewellery, furniture, etc. are left to a particular person?
- How will marriage, separation, divorce or a de facto relationship affect your Will?
- How can you enable the use of income or a house for a person until their death with the asset then passing to another person?
- Who looks after your children if they are young at the time of your death?
- Who will manage your business or farm after your death?
- Can your Will be challenged and on what grounds?
- Can you gift property or assets during your life time?
- Do you need a Trust?
For further information, contact us at: or Telephone (03) 379 9705.
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