Estate Planning Lawyers
Our estate planning team understand the emotional stressors that can come about when discussing your Will. It can be uncomfortable and something people want to avoid – we understand, but it is something that needs to be talked about, in the event something unexpected happens.
Our team has a sensitive approach and offers personalised advice tailored to your specific circumstances and wishes. We are here to make the process as comfortable, and easy as possible for you.
What is a Will?
A Will is a legal document which is used to transfer a person’s assets to their beneficiaries after their death.
Why Do I Need a Will?
It is recommended for anyone over the age of 18 years old to have a Will in place, regardless of their status in life.
Having a Will in place ensures your loved ones are looked after when you pass away, and your wishes are respected.
What Happens if I Don’t Have a Will?
If you don’t have a Will, any of the following can happen:
- Your young children may not be looked after by the people you intended;
- Some unintended people may benefit considerably, and some intended people may not;
- Assets you may have wanted to be passed on may need to be sold off so that unintended beneficiaries can be paid out;
- Your beneficiaries may lose considerable tax and asset protection benefits;
By having a Will in place, the winding up of your affairs can be planned, and cost effectively executed, leaving you and your loved ones with peace of mind.
When Does a Will Need to be Updated?
Like most paperwork, a Will is not a set and forget document.
Your Will should be reviewed every 3 years, when your Binding Death Benefit Nomination (BDBN) is reviewed. You may need to update your Will if any of the following occurs:
- You get married or enter into a defacto relationship.
- Your get divorced or separate from your partner.
- You have a child or grandchild.
- Your executor or beneficiary passes away.
- Your financial situation changes.
What Will it Cost?
We offer fixed rate prices for standard single person Wills, and discounted rates for couples.
After you meet with our estate planning team and have discussed your circumstances and wishes, we will provide you with a detailed Will quote via email.
As a complimentary service offered to our estate planning clients, we will store your original will/estate planning documentation in our strong room for safe keeping, as well as be uploaded to your Online Client Portal. Your documents will stay in our safe custody room until requested – if ever needed.
A will is one of the most important documents you will have, and you want to ensure it’s done correctly. Contact our estate planning team today to assist you with your Will.