Do you Need to Update your Will?
Our Gold Coast Wills Lawyers can help you draft a Will that will protect your assets. Contact our Gold Coast Lawyers today!
Your Will states what you want to happen to your assets after your death. With proper Estate Planning advice, we will ensure that the right assets go to the right people at the right time.
A Will also appoints somebody (known as your Executor and Trustee) to carry out your wishes as contained within your Will.
In order for your Will to be a valid Will, it must be in writing and signed by you in the presence of two adult witnesses who must also be present when you signed the Will. It is important that a beneficiary named in the Will (or their spouse) must not be a witness.
If you do not follow these specific requirements then you risk your Will being invalid.
Whether it be your first Will or it is time to update your Will, we recommend you review your Will every 2 to 3 years or whenever a major event occurs in your family. For example:
If a person dies without making a Will (or makes an invalid Will) they are known to die intestate. The ramifications of dying intestate can be very time-consuming and stressful for your loved ones and, are usually legally very expensive. This can be avoided by preparing even the very simple of Wills.