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A Will is a written declaration whereby you appoint an Executor to administer your estate after your death, discharging your liabilities and distributing your property as directed by you in your Will.

In the event of your death a Will helps to:

  • Make your wishes clear.
  • Reduce stress for your family and friends at the time of your death.
  • Ensure that unnecessary delays and expenses do not reduce the value of your estate.

Your property will be distributed according to the law which may cause conflict amongst family members and legal fees may erode the value of your estate.

In making your Will you have the option of using a lawyer to ensure that the document is a legal and binding Will.

A lawyer can ensure that:

  • The Will is comprehensive and tailor made to your situation.
  • The Will correctly details your wishes.
  • The Will is a legal and binding document that can be upheld after your death.

An Executor is the person that you appoint in your Will to administer your estate after your death.

  • A trustee company or the Public Trustee can act as Executor of your estate but may take a percentage
  • of your estate to do so.
  • A lawyer can assist you to appoint your own Executor. The only fee is the cost of the Will.

Under Western Australian Law divorce did not revoke a Will up until 9 February 2008 (but since that time it does), however marriage revokes a Will. In both instances Wills can be made specifically in contemplation of either a divorce or marriage, in which case those events won’t revoke the Will.

There is a need to revise your Will and the prospective beneficiaries when there is a significant change in your life, such as a change of family structure or a change in financial circumstances. We recommend that at a minimum, people review their Wills every 3-5 years, and consider preparing a new Will if necessary.

An Enduring Power of Attorney document is designed to enable a person to take control of your affairs should you become ill or unable to manage your own affairs (eg. in the case of Alzheimer’s disease or stroke). It can also be used by people if you are physically unable to do things (such as if you are out of the country for a period).

All property, goods & chattels are referred to as “my estate” & are not individually itemised. Your estate is then simply left to one person or an alternate person or group of people (eg. to your partner in the event he or she predeceases you to your children).

  • ½ hour consultation to take instructions
  • a draft copy sent to you for checking
  • a ten minute appointment to witness your signature

Home visits are available with additional costs – price on request.

An extensive item by item Will or one that involves numerous properties, goods or chattels or bequests, or where there are possible Inheritance Act issues, life tenancies or other items that are more complicated than in a standard Will.

Cost – to be discussed when you phone us to make an appointment.

If you own a business or substantial assets your Will should deal with succession and proper estate planning to minimise your tax liability and provide for proper administration of your estate.

Cost – to be discussed when you phone us to make an appointment.

Your estate will be held in trust for your beneficiaries which will potentially have positive tax, income streaming and other benefits, depending on the extent of your estate.

Cost – to be discussed when you phone us to make an appointment.

If you would like further advice please don’t hesitate to contact us on 6141 1513 to make an appointment.

 

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