Making a Will & Estate Administration
It is important to have a Will and regularly review and update it if necessary. If you die without a Will, then your property and personal possessions will be distributed in accordance with the Administration Act 1969 and it is possible that your estate may go to people that you did not wish to benefit from it.
A little bit of advice…
We advise to look at your Will at least every five years or whenever you have a significant change in your circumstances. We list below some of the more common circumstances that should have you off to see your lawyer:
- If you marry, remarry, enter into a defacto or civil union relationship.
- If you become separated and/or divorced.
- The birth and death of children.
- If your assets or debts change significantly.
- If any of your trustees or a significant beneficiary named in the Will dies.
And lastly, please let someone know in your family where your latest Will is stored, where and when it was made and what law firm was used to draft it.
