A Will is an important document that every adult should have in place. Here are 10 good reasons why:
Death – as the saying goes there are 2 certainties in life death and taxes. Accordingly, you should have a Will which deals with your current circumstances. If you have a Will it should be reviewed to make sure it deals with your current circumstances.
Executors - a Will allows you to appoint the person/s who will administer your estate, including arranging your funeral.
Beneficiaries – In order to control who benefits from your estate you need a Will. Dying without a Will means that the legislation in your State determines who benefits from your estate.
Children – a Will can be used to appoint guardians for your underage children you must have a Will.
Buried or cremated - you can provide instructions for burial or cremation, and funeral services in your Will. If you don’t leave instructions to your family then these decisions will be made without your input.
Certainty - you can help avoid claims against your estate if your will is professionally drafted Will.
Minimise costs - in most cases the administration of an estate is more efficient and less costly if you have an professionally drafted and valid Will.
Reduce stress - by leaving an appropriately drafted and valid Will, the administration of your estate should not cause undue stress to family and friends you leave behind.
Family Business - having a Will can ensure that there are people in the right positions to continue the business when you die.
Charity – a Will can make a provision to leave a legacy or charitable gift.
If you don’t have a Tasmanian Will, or your current Will does not reflect your circumstances, please contact us on 03 6332 9353 to make an appointment.
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