A will is a legal document detailing how a person’s property is to be distributed on death. A will also appoints an Executor who will manage your affairs after you die and look after the administration of the terms of the will. You can name more than one executor . A will allows you to direct how your property is distributed; including gifts to family, friends, charities and other persons. With a will you can avoid additional expense, difficulty and delay in relation to winding up your estate.
What happens if I die without a Will? If you die without a will you have died intestate and your property will be distributed according to a legislation, regardless of what your wishes might be. In cases of intestacy the next of kin are required to take the appropriate action for the estate to be administered, which usually is in the form of an application to the Supreme Court for Letters of Administration.
Can I leave my assets to anyone I like? Yes, however be careful. Wills can be challenged if proper provision for your dependents, spouse and children (including ex-nuptial children) is not made.
Can I alter a will? Yes contact us and we will assist you. You should review your will every five years or when your circumstances change in any way, such as marriage, death of a executor or disability.