Making a Will
No one really wants to think about what will happen when they die. However, if you do not plan ahead and make a Will, then the laws of intestacy will apply. You will also leave an Intestate estate if you do not update your Will after getting married (unless your Will specifically states it was made in contemplation of that particular marriage).
Each persons Will should be uniquely drafted to reflect their own situation an wishes, however the types of matters you may need to consider are:-
- Who is to be your executor?
- Do you need to appoint guardians for your children?
- At what age should your beneficiaries be able to access their inheritance?
- Who benefits from your superannuation and/or life insurance policies?
- What happens to your debts?
- Do you own any property overseas or interstate?
- Do you own any property jointly with other people?
- What happens to any trusts or companies or businesses that you own?