A will is a legal document that determines how your assets are to be distributed and your liabilities paid following your death. The preparation of your last Will and Testament is an important step. Do not leave matters to chance.
Fay can advise you as to how best to make a legally binding and valid will to avoid problems and unnecessary stress for your family in the future. This way you will have control and avoid your estate being administered according to the laws of intestacy and not according to your wishes.
After signing your will it will be of benefit if you provide a copy to the executor nominated in the will. You may choose to leave the copy in a sealed envelope. The original will should be stored in a safe place until such time as required. Inform your executor of the location of this document.
Fay will discuss with you the following details:
- Who should be appointed as the executor of your will
- Who should be appointed as a guardian of your children if they are under the age of 18 years
- Eligible beneficiaries under your will
- How to avoid a Family Provision Act claim being made on your estate by a family member or friend
- What happens to jointly owned property such as real estate or a jointly held bank account on death
Fay can discuss with you as an executor and trustee of a will some of the challenges you will need to work through to administer an estate that will include:
- How to deal with missing beneficiaries
- How to deal with the estate funds when a beneficiary has predeceased the testator
- How to prove the death of the testator
- How to establish a date of death of a testator
- How does the court deal with an informal will
- What if the will has disappeared altogether
Click on the following links for additional information concerning wills:
Email or call on 0416 196 541.
Fay will respond to you personally within 24 hours to discuss your enquiry.