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Do you need to update Your Will?

Do you need to update your Will?

Wills can be a reasonably simple to a very complicated document dependent on your needs and intended wishes at the date of your death. While the topic of what occurs after is often sensitive and fraught with emotion, our Estate Planning team is comprised of the professionals required to ensure your Will is updated with consideration to your circumstances and the required attention to detail.

We all know the possibility of getting a home made Will kit is a tempting option as it saves both time and money for you, the client, but the Courts have recognised that in the long run, not having a professionally drafted Will often leads to more Will disputes and therefore a loss of money. [...]  READ MORE →

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Can I include my superannuation in my Will?

Your superannuation can be one of your largest assets and accordingly it is important that your estate plan reflects your wishes on how you want this to be distributed after your death. Unlike your other assets, your superannuation is not usually covered by your Will. The reason for this is that your super is held in trust for you by the Trustee of your super fund.

This means that you should consider the different options available to you to ensure your superannuation is distributed in accordance with your wishes. It is always advisable to seek advice from an estate planning lawyer on which option will be best suited to your needs. [...]  READ MORE →

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How to Choose the Right Executor

One of the most significant aspects of effective estate planning is choosing the right Executor. Your Executor is the party responsible for managing the administration of your estate and the distribution of your assets to the beneficiaries in accordance with your Will. As the obligations of your Executor will vary depending on your Will, it is important to discuss with an estate planning lawyer the precise scope of what your Executor will be required to do.

A number of different factors will influence your decision when choosing an Executor and it is important that this decision should be regularly reviewed. Generally, this is something you should reconsider each time your Will is updated. [...]  READ MORE →

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How often should I update my Will

How often should I update my Will?

Effective estate planning offers certainty as to how your property and possessions will be distributed after your death. However, it is important to recognise that a Will is largely confined to expressing your wishes at a particular point in time. This means that to make sure your loved ones are effectively protected, your Will needs to be regularly updated. Before your Will is altered it is recommended that you consult an estate planning lawyer to make sure that your wishes are correctly implemented. [...]  READ MORE →