Making a Will allows you to choose what happens to your assets after your death. It also allows you to nominate the person who is to take responsibility for making sure your wishes, as expressed in your Will, are carried out.
If you have separated from your partner and were to die, your entire estate could go to your former partner unless you have provided otherwise in a Will.
Having an up-to-date Will is important for everyone, not just the elderly. A Will is particularly important for anyone who has dependant children.
If a person dies without a Will, leaving behind a partner and dependant children who are under 18 years of age, the laws of South Australia may require that some portion of the deceased person’s estate be paid to the Public Trustee to be held in trust until those children reach 18 years of age. This can often cause financial difficulties or legal complications for the surviving partner, particularly if the only way the required funds can be paid to the Public Trustee is by selling the family home.
We can provide advice on the preparation of a low cost Will. Contact us today 08 7325 9100, or check our Charges page for more information.