Just like going to the dentist or doing taxes, many of us put off writing our Will because it’s something we don’t really want to think about.
But if you aren’t specific in how you would like your estate to be distributed after you die, if something were to happen to you, it will come down to a Court of Law to try and interpret what your wishes might be and this doesn’t always reflect your intentions.
When people die without a valid Will, it’s common for disputes to take place, which can cause further heartache for grieving loved ones. This is unfortunately common in Australia, where approximately 50% of Wills are contested.
That’s why it’s so important to clearly outline your beneficiaries in your Will. Not only will you have peace of mind in knowing that your friends and family will be spared any conflict, but by leaving no room for misinterpretation, your estate won’t be tied up in the legal system and can therefore go towards helping the people and causes that need it most, as quickly as possible.
Can I sign my Will electronically?
Creating a will is a crucial step in ensuring your assets are distributed according to your wishes after your death. With the increasing digitization of legal documents, many Australians wonder if they can sign their will electronically. However, under Australian law,...
Including pets in your Will
For many Australians, pets are cherished members of the family. Ensuring their well-being in the event of your passing is a vital concern. Including pets in your will is a thoughtful way to guarantee they are cared for according to your wishes. This article explores...
Importance of Estate Planning
In Australia, many people tend to postpone the thought of preparing a will. It's a common misconception that wills are only for the elderly or the wealthy. However, regardless of age or financial status, having a will is crucial for every Australian. In this article,...
Ambulance Cover
What is Ambulance Cover In an emergency, calling 000 and the resulting trip to the hospital is traumatic enough, but imagine receiving a bill afterwards. This is where ambulance cover comes into play, often covering expenses like hospital transport and being treated...
Organ Donor
Donation is the giving of an organ and tissue to help someone that needs a transplant. Transplants can save or transform the life of a person. One organ and tissue donor can help transform the lives of more than 10 people. This relies on donors and their families...
Superannuation Binding Death Nomination
Superannuation is not an estate asset; on death, it does not automatically flow to the deceased's estate. The trustee of the super fund will generally pay a death benefit in accordance with the governing rules of the fund and relevant law. A binding death benefit...