Wills And Estate Planning- Aylward Game Solicitors
WILL A will is a legal document that sets out how your property will be distributed upon death. If you die without a valid will in place your property will be distributed in accordance with the relevant succession law in each state. This can create uncertainty and lead to family provision claims being brought by potential beneficiaries. Why do you need a Will? If you die without a Will the law says you have died “intestate”, which means that you have left no valid instructions as to how your property will be distributed. Your estate will then be divided up according to a formula in the legislation. Why do you need an up-to-date Estate plan or Will? An up-to-date Estate Plan or Will allows you to:- ■ Decide how your assets will be distributed after your death; ■ Choose who you want to manage the distribution of your estate; ■ Provide for your family as you wish; ■ Possibly save money on tax; ■ Ensure your Superannuation and life insurance is dealt with as you wish; and ■ Ensure any trus...