Wills

A will is a legal document that directs how your assets should be distributed, and who should be guardian to your dependants. A properly drafted, up-to-date will is the only way you can be sure your assets will be dealt with and your loved ones cared for in the way you choose. When you make a will, you may have to make hard choices, or grapple with complex issues. But you must make one if you want to be sure your instructions will be followed. If you die without leaving a valid will your assets will be allocated according to a fixed statutory formula, so may be divided in a way you did not want - regardless of your intentions. A government agency may also decide who will look after your children.

Therefore you should update your will when you marry or divorce, when a child is born, adopted or becomes an adult, or when a family member or beneficiary dies. You may also wish to add, change or eliminate gifts to certain beneficiaries. Your will should also be updated when there is a substantial change in the value or nature of your assets, when an executor or guardian dies or becomes unable to serve, or when tax law changes.

Your assets might include property, cash, superannuation funds, investments, a business, valuable items or anything else you leave behind.

Turner Freeman’s goal is to make your decisions easier. We have the experience needed to proactively head off potential family problems and guide you through complex legal issues. And you’ll get only the best options for your specific situation.