Protecting Your Loved Ones and Leaving a Legacy
You may be getting married, or just recently got married, buying your first home, having your first child or welcoming another child into your family, all significant milestones in a person’s life and often the trigger to making other important decisions.
When you make a will, you are creating a lasting legacy for your loved ones or it may be a way to express your charitable intentions, you can have your say on what you would like for your funeral wishes, who you want to be guardians for your children, or even your pets.
A will clarifies the next steps forward for your loved ones when you pass away and provides directions to the person you want to appoint as the executor who will look after your estate.If you do not have a will, your assets will be distributed in accordance with the Administration Act 1969, which means the law decides who is to get your estate and how it should be divided, and things may not be distributed in the way you would have wanted them to be.
Some of the things to consider when making a will are:
- Who do you trust to deal with your will as your executor or executors, and to manage your estate for your beneficiaries?
- Do you have any wishes for your funeral arrangements?
- If you have children under the age of 18, who would you like to appoint as their guardian?
- Do you want to leave specific gifts of money or items to a person or to your favourite charity?
- Who do you want to leave your legacy to? Your spouse/partner, children, parents, nieces, nephews, siblings?
It is so important to get advice that reflects your personal situation, whether you have a simple or complex family dynamics or ownership of assets. Let our experienced and friendly team assist you in crafting your will tailored to suit your own individual circumstances and wishes and to create your lasting legacy.
The Trust Law & Wealth Protection Team are here to help with all the legal aspects surrounding wills.