Estate Planning in Adelaide and South Australia
Your Will is one of the most important legal documents you will ever sign.
It is the only way, on your death, to direct who is to take charge of your affairs and to ensure your assets will be distributed to the beneficiaries you choose in the way you want.
If you die without a Will, this is called dying intestate, and your estate may then be divided according to a Government formula – which may not reflect your wishes and which may cause undue hardship, cost and delay for your family. In situations where you have no living relatives closer than cousins, your estate may go to the State Government.
A Will is particularly important to update after marriage, divorce or if you are living in a domestic or de facto relationship. Other people can also make a claim to your estate if not adequately provided for under a Will.
Will making is a highly specialised task, with potentially complex financial, legal and tax implications that need to be considered to ensure that your estate is distributed as you wish.
Having a professionally-prepared Will can give the following types of benefits:
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