Will-making
Articles on will-making. Things to consider when preparing and planning ahead.
In the will-making process there are a number of issues to consider according to your circumstances. Care is needed since a will is central to formulating an effective estate plan. The Law Society of new South Wales has produced a short overview of the importance of making a will here.
Updating a will
Life changes such as a relationship change, birth or death require revision of a will.
A “contrary intention”
The law permits flexibility for will-makers in many instances providing they make their intentions clear.
Family trees
Constructing a family tree is a helpful tool in will-making and estate planning.
Interpreters
Interpreters and translators providing services to non-English speaking willmakers.
Leaving an unsigned will
If something happens and you don’t get around to signing your will according to law – what happens?
Who can make a will?
The law provides for adults to make a will providing they have the required capacity. Also minors in some circumstances.
What is a will?
A will is a legal document in which you say what you want done with your property when you die. It is central to your estate plan.
Frequent Flyer Points
Can we pass on our frequent flyer points?
Requirements for a valid will?
There are fou requirements for making a valid will .
Execution of a will
Are signing a will and execution of a will the same thing?
Contemplating marriage
A will can be made in teas contemplation of marriage.
Check ownership
Care is needed when considering what you can dispose of in your will.
Storing a will
Having gone through the process of making a valid will ensure it is securely stored.
Pet records
A template to download and complete with your pet details.
“Issue & Children”
‘Issue’ is a legal term easily misconstrued.
Residue
What might the ‘residue’ refer to in will-making?
Illegitimate Children
Can illegitimate or ex-nuptial children inherit?
Step-grandchildren
Making the meaning of ‘descendants’ and ‘grandchildren’ clear in a will.
Tenancy
Owning property with others. What happens when one dies?
Severing a joint tenancy
The survivor takes all when a co-owner dies under a joint tenancy. Is that the desired outcome?
Personal items
Personal items, chattels and items of sentimental and monetary value.
Marriage
Marriage cancels an existing will – unless you have made a will in contemplation of your marriage.
Liability limited by a scheme approved under Professional Standards Legislation.
Copyright © 2024 BHS Legal, publisher of willshub.com.au. Content is protected by copyright. Please refer to the Terms of Use.