A recent report prepared by Charles Sturt University and the University of Adelaide found that “…roughly half of adult Australians have a Will but nearly half of those who do don’t feel that their Will is up-to-date or adequately expresses their wishes.”
This is surprising, considering that a Will is probably one of the most important documents that a person will ever sign. It also highlights the importance of talking to a Will Lawyer.
A Will is defined as a legal document, and a statement of a person’s wishes that are to be executed when they pass away. The benefit of having a Will is that you get to decide how the assets that you have gained over a lifetime may be distributed. When preparing a Will, it is important that you speak to a Will Lawyer to ensure that it meets all legal requirements and that your wishes are clearly expressed so as to reduce the chance of there being an argument over what your intentions were (who receives what).