The law that allows people to contest a will was changed in 2015.
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Even in the 21st century there are still many documents that need to be signed in person, attested to and witnessed.
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A life interest in a will allows a beneficiary to receive the benefit of an asset throughout their life but not to own it.
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If you were to give all the money in your will to a charity could your will be challenged?
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Many of our clients create or update their will before they go on holidays.
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Powers of Attorney provide others with the ability to act as if they were you.
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To make a will valid, the will maker must have testamentary capacity.
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Marriage will normally revoke a will that was signed before the marriage takes place.
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Understanding how the funeral account can be paid will help reduce stress during a time of grief.
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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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Marriage changes you situation and revoked any previous wills. Don't forget an update will be needed.
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The last decision you'll have to make about your will is where to keep it safe and secure.
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Property held as tenants-in-common or with joint ownership are treated differently upon your passing. One is part of your estate, the other isn't.
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In this article, Russell Robertson explains how moving in and out of relationships can create domestic partnerships that have an influence on where your superannution goes should you die.
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Upon your death your superannuation and associated insurance benefits will be distributed by the Trustee of the super fund and not your Will. You can provide persuasive guidance through binding death nominations.
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Never make assumptions about where your superannuation will end up should you die for if left alone the destination changes as you move through different stages of life.
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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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The famous Australian, "It'll be alright," attitude doesn't cut it when you die without a will. If you die "intestate" there are rules which determine where your estate's assets will be distributed and it won't always be where you think.
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The common misconception that younger people don't have any assets of worth can lead them to believe they don't need a will. Sadly, that misconception can cause additional hardship for their families should the worst occur.
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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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