Wills and Estate Planning
Safeguarding your assets is crucial to ensure the well-being of your loved ones in case of your incapacity or death. The first step in getting your affairs in order is having a Will. It is always sensible to plan not just for expected end-of-life events but even things as simple as travelling overseas for an extended period which may mean you need someone to keep an eye on things for you back at home. Some other ways to protect your interests are through a Trust (a business or testamentary trust) or having a Power of Attorney for when you may not have the capacity to act.
Do I need a Will?
The simple answer to this question is “yes, if you have assets”. Almost everyone owns property of some kind or another, so almost everyone will need a will.
Do I need to set up a Trust?
In general, trusts are created to have the trustee hold the specific asset(s), such as property, a business, etc for the benefit of the beneficiary/ies.
CONTACT US
Please complete the form to assist in directing your enquiry
Do I need a Power of Attorney?
Sometimes we choose to make a power of attorney document after receiving upsetting news about our health. It is important we know that someone we trust is attending to our wishes, even if we are unable to exercise this ourselves.
Sometimes we may need someone to keep an eye on things while we are away from home for an extended period.
Where do I start?
Fill in the form and we will setup a consultation to discuss the way forward
Why is it important to have a Will?
- Your assets, as a whole, are dealt with in accordance with your wishes.
- You can make specific gifts and legacies, by nominating the individuals or charities who will receive your assets when you die. For example, you can nominate particular beneficiaries who you would like to receive particular items of jewellery or other property or sums of money.
- Your burial or cremation instructions are provided to your family.
- Your estate is administered by the person or persons who you nominate.
- Your estate is not dealt with in accordance with the laws of intestacy, which will apply if you die without a Will.
- The risk is minimised of a family provision claim being made by a person for who adequate provision is not made under the law of intestacy.
- The risk of family breakdown or feud is minimised.
- You can appoint a guardian for any minor children (i.e. children under the age of 18 years)
What should I consider before the meeting:
At the very least, your last will and testament should cover the following:
- Beneficiaries: Identify who you want to receive your assets.
- Distribution: Explain how to divide your belongings and property among these beneficiaries.
- Executor: Name someone responsible for carrying out your wishes.
- Guardianship: If you have minor children, designate a guardian who will be able to care for them. (Make sure they are willing to accept the responsibility)
