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Basic Wills

A will is set out to establish the share of assets

In simple terms, a Will helps to ensure that your families needs are met according to your wishes, when you die. Aside from distributing your wealth and assets to family members, a Will can also be designed to encompass a range of requests including;

  • Providing for children from a previous relationship
  • Providing for children with special needs
  • Excluding immediate family
  • Guardianship of your children
  • Assets that do not form part of your estate (such as family trust assets)
  • How to best meet your charitable objectives

When leaving a Will, you must decide

  • Who to appoint as your executor
  • Who will receive your assets when you die
  • How and when your assets will be distributed

An effective Will should be designed according to your personal and financial circumstances and also take into account non-estate assets such as superannuation death benefits.

For more information on basic Wills, click here.