Why It Is Imperative To Have A Will?
A will is a legal document which sets out who will receive your property and possessions when you die.
When you have a valid will, you give yourself the best chance of making sure your assets go where you want them to. So you should always make a will if you have a family or if other people are financially dependent on you.
A will can cover, but is not limited, to the below areas:
1. Guardianship: handles who will take care of your children if you die.
2. Assets: assigns who will get your car, jewelry, furniture, etc.
3. Real property: applies to homes and buildings.
Failure to prepare a will typically leaves decisions about your estate in the hands of judges or state officials and may also cause family strife. Making a legally binding will and keeping it up to date avoids the division of your assets being left to a stranger who knows nothing about you or your loved ones.
If you own assets of financial value overseas (including real estate, shares or bank accounts) we recommend you make a separate Will dealing with those overseas assets, rather than having one Will expressed to deal with all assets.
Depending on the complexities of your Will, the cost of drafting your Will is not an expensive outlay, particularly given the comfort of having your affairs in place in the event of your death.
For further information or assistance, contact our office today on 02 9682 5433. The above information is not legal advice and is subject to change. Please consult with our office for legal advice and up to date news.
When you have a valid will, you give yourself the best chance of making sure your assets go where you want them to. So you should always make a will if you have a family or if other people are financially dependent on you.
A will can cover, but is not limited, to the below areas:
1. Guardianship: handles who will take care of your children if you die.
2. Assets: assigns who will get your car, jewelry, furniture, etc.
3. Real property: applies to homes and buildings.
Failure to prepare a will typically leaves decisions about your estate in the hands of judges or state officials and may also cause family strife. Making a legally binding will and keeping it up to date avoids the division of your assets being left to a stranger who knows nothing about you or your loved ones.
If you own assets of financial value overseas (including real estate, shares or bank accounts) we recommend you make a separate Will dealing with those overseas assets, rather than having one Will expressed to deal with all assets.
Depending on the complexities of your Will, the cost of drafting your Will is not an expensive outlay, particularly given the comfort of having your affairs in place in the event of your death.
For further information or assistance, contact our office today on 02 9682 5433. The above information is not legal advice and is subject to change. Please consult with our office for legal advice and up to date news. 