How to know if you need a Will
Aged 18 years or older.
Have children.
Own an asset of value e.g. house, car, etc.
Have been recently married, engaged or divorced.
Have experienced a major event that affects your life.
Want to ensure that your estate is distributed fairly.
Then you should have a Legally Binding Will in place to ensure that your Estate is secured.
A Will is a legal document setting out who you want to receive your assets when you die. A Will is the only way to ensure that your assets are distributed according to your wishes and to ensure that your family’s needs are met.
If you die without a Legal Will you die "intestate". Essentially this means that in the event of your death:-
Your family will have to apply to the Court to appoint an Administrator of your Estate (incurring considerable costs).
Your assets will be distributed according to a Government formulae, i.e. certain family members will receive a defined percentage of your assets. Unless you have a Legal Will, despite your wishes, your Estate will be distributed according to the Government formulae.
If you have no surviving relations beyond cousins then your Estate will pass to the Government.
Don’t leave your family with unnecessary financial hardship and emotional stress, get your Legal Will underway today!
You should note that correct procedures must be followed to ensure that you have a Legal Will. If they are not, the document will be invalid and you will die intestate.
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