There are strict guidelines on how a will must be signed for it to be valid. In cases where the guidelines have not been followed it is up to the Court and a time-consuming, and costly process, to obtain acceptance.
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Upon your passing, your superannuation may not automatically go to your estate, especially if there is no will.
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Even if you have perfectly valid reasons for leaving a child out of your will, there are some points you should discuss with a lawyer first to protect against your will being challenged later on.
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You most likely have more assets than you realise and that’s why it’s important to have a will.
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If you’re stuck at home because of Covid-19 regulations and worried about the health implications of this pandemic, you may be tempted to grab a pen and piece of paper and quickly write out your own Will. Without the proper legal advice, you may not get it right.
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Many of our clients create or update their will before they go on holidays.
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If the update to a will is small, for example changing an executor, you could amend it using a codicil but it may be easier to make a new will.
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It's possible you've not yet made a will because in the back of your mind, you know it may not be as easy as you think. There are often preparation steps that you need to undertake beforehand, and being in the right place in life is also important.
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Writing your own will, either from scratch, by modifying another or through a will kit has the serious risk that you do not get the result you are after. In this article Russell shares from his experience some of the problems that can arise.
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