Where there’s a Will, there’s a way
As a Balwyn based boutique family law firm, we are frequently called on to exercise our skills in the area of Wills and Estates; through the creation of wills and organisation of probate.
However, Wills can be confusing and sometimes daunting to those who have not created one before, or simply do not know where to start.
We have compiled the following ‘FAQs’ to guide you through the process, and to help you understand why creating a Will is so important.
Who can make a Will?
Anyone over the age of 18 with legal capacity can make a Will. Legal capacity means that you’re of sound mind, you know what a Will is and does.
Spouses will need to make individual Wills as each person needs to have their own Will.
When should I make or update my Will?
You should consider making or updating your Will after major life events. Such as:
marriage or divorce;
having a child; or
buying property.
You should review your Will regularly to ensure that it reflects your current needs and reflects your wishes.
What does an Executor of a Will do?
Your executor is who you choose to be responsible for carrying out the wishes expressed in your Will.
They make sure your estate is dealt with in the way that you want and will include:
identifying assets;
applying for probate; and
distributing your estate.
Your executor may also need to make investment decisions or be responsible for holding gifts for beneficiaries who are under the age of 18.
Who can be a beneficiary?
A beneficiary is a person or entity which receives a gift of benefit from your estate. This can be your spouses, family member but also charitable organisations.
There are certain requirements to consider when deciding who should benefit from your estate.
Can I write my own Will?
Whilst anyone can write their own will, it is important that it meets certain requirements in accordance with the Wills Act 2007.
There is more to consider in preparing a will than just what you want to do with your assets, and having a qualified solicitor provide you advice in respect of how you should deal with your assets and prepare the wills ensures that your wishes are enshrined and will be carried out.
How do I make a Will?
Making a will with Grice Legal is simple.
Using the link below, you can start your Will with us online at a time and place that suits you.
Alternatively, you can contact our office and speak with one of our team.
To ensure that your wishes are well represented, and your family is taken care of, you need a solicitor who values you and prioritises your requirements.
Contact Grice Legal today to create your Will.
