Get Your Will Prepared
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Why Get a Will?
These are our top 5 reasons why you need to get Will.
1. You Decide Who Gets Your Property – Not Someone Else
Having a Will let’s you control who gets your money, property and assets.
If you die without a Will, your property is divided in a default way as determined by the Government.
This default manner of dividing the property of someone without a Will can lead to some unfair outcomes, or the wrong people can get your assets.
2. Protect Your Children Who are Under 18
If you have a child under 18 years of age, a Will is absolutely vital to ensure they are taken care of.
A Will allows you to nominate a guardian to take care of your children if anything happens to you.
You can also decide who manages your children’s inheritance while they’re under-age, so it’s not squandered before they become adults.
3. Without A Will, Your Spouse Might Be Kicked out of the Family Home
If someone dies without a Will, the default manner of dividing their property might lead to a situation where the assets are split between the children and the spouse/partner.
This may give the children the power to kick the wife, husband or de facto partner from the family home! Having a Will stops this by overriding this default property division.
4. If you’re Separated from Your Spouse You Need A Will
If you don’t have a Will, and you’re separated (but not divorced) from your spouse, then if something happens to you, your spouse could get your assets by default (even though you’re separated). A Will stops that from happening.
5. A Will Makes It Easier and Cheaper For Your Family
It costs a lot less to sort out your affairs if you die with a Will, compared to without one.
Without a Will, there can be more complicated legal steps needed for your family to access their inheritance, such as getting a guarantee or financial bond. This can be difficult to organise. With a Will – you don’t need that.
Why Do I Need aWill?
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Estates Plus is operated by the law firm, MKI Legal, so you can trust that a lawyer will be involved in the process to ensure your documents are done correctly.
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Our expert team at MKI Legal can assist you with any questions about your loved one’s Deceased estate or getting your legal affairs in order before you pass away.
