Why do I need a Will?
A well drafted Will provides clear instruction for the distribution of your assets upon your death. Having a Will helps your family and beneficiaries to avoid the stress, uncertainty, and expense which can arise when a deceased person does not have a Will.
A Will also allows you to express your wishes with regard to things such as burial instructions and the nomination of a Guardian to care for any dependents you may have at the time of your death.
When should I review my Will?
The terms of a Will rarely endure for a person’s lifetime and a Will should be reviewed every few years to ensure its terms still reflect your wishes.
You should also review and update your Will in the following circumstances:
- You get married
- You get divorced or cease to live with your partner
- You enter into a de facto relationship
- You have children
- A person named in your Will as an executor or beneficiary dies
- You have acquired substantial assets
If you do not have a Will at the time of your death, there is no certainty that your assets will be distributed to the persons who you wish to benefit from your Estate. For this reason we suggest you make a Will to ensure your estate is distributed in accordance with your wishes.