If you were born between 1952 and 1980, keep reading ….
If you were born between 1952 and 1980, you have probably experienced significant life changing events such as marriage or re-marriage and the birth of children and grandchildren or divorce.
Now is the time to think about protecting your asset and making sure that you are leaving your assets to the people or charities that you want.
Here’s 4 reasons why you must have a Will.
Reason No 1
Making a Will is empowering, it means that you decide who will receive your assets after death. Your asset may include things like cash, cars, houses and any other belongings that you own and have the right to leave in your Will.
If you die without a Will, then your Estate will be distributed in accordance with the statutory order set out in the Succession Act which may result in your assets passing to family members who you may not wish to benefit.
In some cases, it can mean that your Estate passes to the State.
Reason No 2
You choose who will manage your financial and funeral affairs when you make a Will. You choose the executor or executors of your Will, and it will be someone you know, like and trust.
Reason No 3
You get to protect your children and make sure that will be looked after. Ensuring that your minor children are looked after in a time before they may be able to look after themselves is an essential reason to make a Will. Your Will may be used to appoint a guardian to care for your children if they are under the age of 18 at the time of your death.
Being able to determine the person who cares for your children is important as something that Will have a huge impact on their lives and wellbeing.
Reason No 4
Because you have been or are going through a Divorce or Separation
If you are separating from your partner and you’re in the process of determining property matters and intend on filing for divorce, it is important you make a Will as if you pass away in the meantime, it is likely that the legal formula will determine that your partner receive your assets. This is concerning, for example, if you would like to leave your assets to children or loved ones.
Contact us to help you with all your requirements. Don’t hesitate, call us today on (02) 8999 1800. We would love to assist you.