What You Need to Know About Getting a Will

Posted on July 27th, 2016

If you have anything to leave to loved ones or there are children involved it’s important that you consider getting a Will. Legislation is complicated around Wills and to ensure your Will is valid it’s a good idea to use an experienced Conveyancing Lawyer. For an expert in the area contact Conveyancer Sydney to get your Will written up. Here’s what you need to know about getting a Will.

What is a Will?

A Will is a written legal document that records your intentions in relation to how you would like your estate distributed following your death. It relates to everything you own including money and assets. There is also provision for nominating who you would like to act as a guardian if you are responsible for a minor. You have to nominate at least one executor to make sure your wishes are carried out after your death. The Will provides the basis for this. Anyone that is 18 or over and is of sound mind can make a Legal Will in Sydney. The document can be either written or typed up as long as it has been dated and signed. Keep it in a safe place and make sure someone you trust knows exactly where it is so they can access it in the event of your death. Your solicitor can store it in their safe if you wish.

Make Sure Your Wishes Are Known

In some cases a Will hasn’t been written or the document is invalid. In these scenarios your estate will be distributed in accordance to intestacy rules. This may not be how you want your money and assets divided up. It is generally more expensive and time consuming that if a Will had been drawn up. As soon as you are old enough to make a Will it’s best to have something in place to give you the peace of mind that your wishes are known to your loved ones. You can destroy previous Wills when drawing up a new one as your wishes may change.

Making Changes to Your Legal Wills

Your Will isn’t set in concrete and what you wanted at a certain time in your life may not be what you want 5 or 10 years down the track. Ensure your Will reflects your wishes by having your will changed. You can do this as often as you like as long as you sign and date in front of two independent witnesses to make the changes valid. A Conveyancing Lawyer Sydney can assist with any alterations you wish to make.

If you are considering writing a Will or wondering whether or not you need one seek a conveyancing lawyer. A Will assists in making your wishes known after your passing, it can also allow for changes in circumstances as you may wish to make alterations. For an excellent conveyancing lawyer well experienced in this field contact Conveyancer Sydney at (02) 8084 2764.