Preparing Your Will
The importance of preparing a will cannot be overstated. If you
are over the age of 18, you should have one prepared. The legal
implications for not leaving a will when you die can be expensive
and prolonged, often causing unnecessary upset to family members in
When someone passes away without a will, there is no guarantee
that the estate will be distributed according to their
Many people falsely assume that assets and property will pass
automatically to their spouse upon their death. This is not
necessarily the case, however, as the rights of the spouse of a
person who dies intestate will vary according to whether the
intestate person was also survived by other relatives.
In Queensland, there are very specific laws that apply to the
distribution of an estate in the event that a person should die
intestate. Closer examination of these provisions will highlight
the importance of drafting a will. They will also indicate the
problems that can arise if a person fails to do so.
Proper preparation of a will is the only way to ensure the desired
distribution of your estate.
It is essential that a will be properly prepared. Some people
draft their own wills, inadvertently causing distress,
disappointment and financial hardship to family members and other
A well-planned will informs relevant parties quickly and simply
who is to benefit, when they are to benefit and to what
In the majority of cases, it is a relatively straightforward task
to create a legally binding document. Typically, there are not huge
amounts of money or many different types of assets to be dispersed
and beneficiaries are usually readily located.
Whether a will is simple or complex, it will require planning,
clear thinking and legal help in order to avoid disappointing
surviving family members.
The primary purpose of any will is to benefit surviving loved ones
and this should not be put at risk through a lack of foresight or
planning. Leaving your hard-earned assets to family and friends
should always be a source of personal satisfaction to a will