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Guide to Making A Wills by Jackson and Associates


Generally, people do not want to consider death, so instead of writing one Wills we tell ourselves, 'I will do it one day'. Although procrastination is not a cause for procrastination, the process of Making A Wills is not nearly as difficult or difficult as you can think.

Preparing a legal desire is the best way to ensure that when you pass, your property is distributed according to your wishes, and your family and loved ones are looked after. Using this handy guide will give you the tools needed to make your Wills.

How to Making A Wills: five simple steps

Step 1: Consult an attorney with expertise in Wills and Assets

Jackson & Associates attorney can help you to ensure that your Wills is valid according to the law and it expresses your wishes adequately.

If you choose to make you’re Wills by using an online or postal 'Will Kit', it can be difficult to know whether it contains all the information and details needed in it. You will not get the benefit of legal advice about the manner in which you can distribute your property, and any risks related to the decisions you make.

Making A Wills

Step 2: Provide supporting documentation

Laws governing legal requirements to prepare a legal Wills in Australia are different in different states. However, there are some basic requirements for the Wills to be valid:
  • When Making A Wills, you have the ability to testament (meaning that you should be over 18 years old and understand what you are doing).
  • The Wills must be in writing (whether handwritten, type or printed).
  • The Wills should be signed and your signature should be seen by two people over 18 years of age.
  • Those two witnesses should also sign the Wills.

Step 3: Plan ahead

Consider the following questions and ensure relevant information contained in your Wills and reflect your wishes:
  • What are the names and details of the beneficiary beneficiaries?
  • What are the names and details of the chosen executor and / or trustee? (You can be more than one of two.)
  • How would you like to allocate and divide your assets?
  • Do you need any protection for children? This is particularly relevant to those same sex couples, because the right to protection is different in Australia.

Step 4: Keep your Wills in a safe place

It may seem obvious, but still it is very important. There is no need to enter it with a particular organization, but once you sign it, keep your desire in a safe but accessible place.

Wills

Step 5: Appoint a Executor and Trustee

When you Making A Wills, you have to appoint an executor to take care of your property after your death.

Think of your executor as a liquidator who gives the business of your lifetime; you want to make sure that you choose a suitable person.

A trustee (it can be the same person as the executor) is often appointed to administer any trust established in Wills. This scenario usually happens when you leave property for people under 18 years old.

When choosing an executor or trustee (you can select more than one in each), you must first ensure that they are comfortable taking responsibility and playing the role. Keep in mind that often it is wise to appoint a person under your age or to nominate reserved beneficiaries, if you have appointed people, before you settle their property, you will die. If necessary, you also have the option to hire a public trustee to work.

Wills executor:
  • All gathered in the Deceased Estate  
  • Pay all dead personal loans
  • Distribute the property of the deceased according to their Wills.
Wills Services

Updating a Wills

A Wills is not a stable document. The person will probably change it throughout his lifetime, especially when his circumstances will change significantly; For example, due to the marriage, divorce or the death of the beneficiary.

If you have the meaning of updating your Wills, then we strongly advise you to proceed with this process - even if it involves a difficult conversation.

In Jackson & Associates, we understand the importance of Wills, Assets and Trusts, and sensitivity that comes with creating or changing your Wills, so contact us today to talk to an expert about how we can help you.


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Location: 6 Main Rd, Belair SA 5052, Australia

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