Wills
Making a Will is something many people avoid however sooner or later it is something to which we should all attend. Having your affairs in order will lessen the legal and financial burden on your family at what is a difficult time.
By making a Will you can dispose of your assets in the way you choose. If you made a Will some time ago it is equally important to ensure that it satisfies your current circumstances and the present taxation laws. A properly drafted Will can minimise the tax burden on your estate. We recommend that all our clients should consider the asset protection and potential significant tax saving benefits of one or more testamentary trusts in their Will.
A “home made” Will may well suffice and be inexpensive initially but can, if ambiguous or incorrectly prepared, result in legal costs that greatly exceed any initial saving.
If you die without a Will the administration of your estate can be significantly more expensive and complex and may not be as you would choose. You may also lose the opportunity to appoint a guardian(s) of your infant children.
The cost of making a Will varies depending on the complexity but see our Will Fees section for a guide. Let us give you a no-obligation estimate.
A Will only has effect after death. We invite you to consider the benefits of a “Living Will” by executing Enduring Powers of Attorney and Enduring Powers of Guardianship.
Please Contact us on 8362 6400 or email us should you have any questions or if we may be of assistance to you.