The only way to guarantee that your inheritance will be divided in the manner you desire after death is to create a will.
If you pass away without a will, no one will be aware of your choices about beneficiaries. Your assets will be divided in accordance with a formula established by law. This means that, notwithstanding what you may have desired, specific relatives will inherit a specific percentage of your assets.
Death without a Will is referred to as an intestate death.
The largest will-maker in Property lawyers is called wills lawyers Perth. If you want them to draught your will, you can start the process online. They’ll be in touch with you when you complete and submit the online form so you can schedule a visit to complete the Will.
You must be at least 18 years old and have “testamentary capacity”—this refers to knowing the extent of your assets, knowing who will get your estate, and understanding the legal ramifications of a will—unless you are married. You must also be free from any mental conditions or impairments that might make it impossible for you to decide who should inherit your estate.
What You Require
- A list of your possessions, including real estate, checking and savings accounts, superannuation, and investments
- your beneficiaries’ names and addresses (the persons who will inherit your possessions);
- The name(s) of the person(s) you intend to designate as your minor children’s guardian, if applicable (s)
- specific gifts, such as personal items or amounts of money, that you would like to give to particular people or groups
- the specifics of your funeral arrangements if you have made a pre-paid one.
- a trustworthy and capable executor. The duties of the executor include gathering the estate’s assets, paying off debts, and transferring the assets to the Will’s designated recipients. You can appoint an independent trustee agency like Property lawyers Perth WA or a friend or relative.
What To Do First
- Check the prerequisites for enrollment.
- Decide to click “Get started.”
- Look at your choices.
- Choose “Request an appointment” and fill out the form online.
- The Property Lawyers Perth team will get in touch with you to set up an appointment.
- If you decide against beginning your Will online, you may:
Make a reservation at a Plan Ahead Day in your area or schedule an appointment at property lawyers WA & team branch.
As your life circumstances change, it’s a good idea to occasionally review your will to make sure it still accurately reflects your wishes.
A will must be signed by the maker in the presence of at least two witnesses.
Beneficiaries shouldn’t serve as witnesses because doing so might revoke their eligibility.
You can name the Best Property Lawyer as the impartial and qualified executor of your Will, or you can ask them to take over the responsibility.
When preparing your will, the property lawyers will make sure the areas covered by testamentary capacity are handled and will offer objective witnesses.