A Will is an important legal document that everyone over 18 should consider putting in place. Whilst one’s own death is not something we like to think about, having a Will gives you peace of mind that your wishes will be carried out and that your family’s future is protected.

 

Your Will sets out how you would like your property and assets to be distributed after you pass away and who is to administer your estate.

 

Why make a Will?

 

A Will ensures the following:

 

• Your assets will be divided according to your wishes;

• A quicker and cheaper process for the administration and distribution
  of your estate;

• Your wishes regarding your funeral arrangements are fulfilled;

• Disputes among family members / beneficiaries are minimised;

• Guardians are nominated for your children;

• Less stress for your loved ones during an already difficult time;

• Your assets are not distributed in accordance with the laws of intestacy
  and divided in a way that you did not intend.

 

If you die without a Will, the laws of intestacy apply.  The intestacy rules set out who may inherit your estate and the order in which they may do so, for example, from Spouses/partners and children to parents, siblings, nephews/nieces, grandparents, uncles/aunts, cousins and lastly the State.  If you were to die leaving a spouse and two children the first $150,000.00 of your estate will be distributed to your spouse with the remainder of your estate to be divided one-third to your spouse and two-thirds to your children.

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Contact us about making or updating your Will.