LEGAL WILLS
Death is not something anyone likes to think about, but in the event that you pass away it is highly important that you have a valid legal Will in place.
The team at Assured provides a personal and professional service in the areas of Standard Will preparation, Power of Attorney preparation and Advanced Care Directives.
Why it is important to have a will
A Will is a legal document that allows you to make clear instructions about what you want to happen to your assets and how you want your estate to be handled once you are gone. It is one of the most important documents you will sign, to ensure that your wishes are expressed and are met. A Will should be approached with the highest level of care and attention to detail.
A legally prepared Will gives you peace of mind that your wishes will be followed should you pass away.
If you die without a valid and a legal will, state laws will determine how your property or ‘estate’ will be divided.
Considerations when creating a will
When thinking about creating a will, it is important to consider who will benefit under your Will.
Do you want any particular items, such as valuable jewellery, to go to specific people?
Do you have a partner and/or child that you need to provide for?
If you have a child, you will need to decide who will be their guardian, and at what age they should receive any entitlement under the Will (e.g. will it be at age 18 or older?). It is important to have a discussion with potential guardians prior to appointing them in your Will.
If you have any specific funeral instructions such as where you would like the funeral ceremony to take place or if you want to be cremated or buried, you can include these in your Will too.
You will also need to consider who you wish to make executor of your Will. An executor is a person or organisation that is responsible for carrying out your wishes as instructed in your Will.
What happens if you die without a valid and legal will
If you die without a valid and a legal will, state laws will determine how your property or ‘estate’ will be divided.
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