Why You Need a Will
Everyone knows of someone who has been involved in a turbulent estate for one reason or another.
Yet roughly one half of Australians do not have a valid Will.
Dying without a Will is known as dying intestate, and it only causes complications.
If you die intestate your estate will be determined by the laws of intestacy (which have changed very recently).
Unfortunately, these laws are likely to be at odds with the way you would have distributed your estate in a Will.
In some cases of intestacy, the whole of the estate will go to the Government.
Why you should create a Will
Put simply, so that after you die your Will shall confirm how your assets are to be distributed among those people you care about most.
Regardless of whether you consider your asset pool to be large or small, standard, or complex, it is vital that you leave a valid Will that accurately communicates your wishes.
Many people fail to recognise the impact that can be caused to their loved ones if they die without a valid Will or with a Will that has been poorly drafted.
The law related to the preparation of a Will is very particular and strict. Any errors made when drafting and/or signing a Will may jeopardise the validity of the Will.
If a Will is prepared or signed incorrectly, then the laws of intestacy could apply.
Your financial and personal affairs are important to you, and they are also relatively inexpensive to organize and protect. So, there is no reason not to have a valid Will.
Creating a Will
Now that you know why it is that you need a Will, here is how we can assist you:
- We can advise you and prepare a Will that suits your needs and circumstances.
- We can give you advice about the possible need for an enduring power of attorney, enduring power of guardianship and/or advance health directive.
- We can assist you in reviewing and updating your Will in the event of any change in the law or your personal circumstances.
Contact Lewis Kitson Lawyers
Ready to create a will?
What is Probate and Letters of Administration?
All information on this site is for general information only, and does not constitute specific legal advice. Please consult one of our experienced legal team for specific advice relevant to your situation.