Reasons To Have A Will
A will is a crucial legal document that outlines your wishes regarding the distribution of your assets and the care of your dependents after your death. Here are some compelling reasons why having a will is essential:
1. Protect Your Loved Ones
By having a will, you can ensure that your loved ones are taken care of according to your wishes. You can designate guardians for your minor children and specify how your assets should be distributed among your family members.
2. Avoid Intestacy Laws
If you pass away without a will, your assets will be distributed according to intestacy laws, which may not align with your preferences. Having a will allows you to control who receives your property and in what amounts.
3. Minimise Family Disputes
A clear and legally valid will can help prevent disputes among family members regarding the distribution of your estate. By clearly outlining your intentions, you can reduce the likelihood of conflicts and ensure a smoother probate process.
Frequently Asked Questions
Q: Do I need a lawyer to create a will?
A: While it is not a legal requirement to have a lawyer create your will, seeking legal advice can help ensure that your will is properly drafted and executed in accordance with Australian laws.
Q: Can I update my will after it’s been created?
A: Yes, you can update your will at any time by creating a new will or adding a codicil. It’s important to review and update your will regularly, especially after major life events such as marriage, divorce, or the birth of children.
Q: What happens if I die without a will?
A: If you die without a will, your estate will be distributed according to intestacy laws, which may not reflect your wishes. It’s advisable to have a will to ensure that your assets are distributed as you intended.
Contact Wright Street Lawyers in Adelaide for client-focused assistance with will creation and estate planning.
