Making or updating your Will
It is important to have an up-to-date properly prepared Will so that you can decide who you want to receive your assets after your death (the ‘beneficiaries’) and who you want to be responsible for putting the Will into effect (‘the executor’).
If you die without a Will, then your estate is distributed using a system based on who your closest relatives are. That fixed system is usually more expensive and causes more delay than having a proper Will in the first place. It’s just simpler and easier for all concerned to deal with a proper Will.
You might also need to change your Will after a significant life event occurs such as:
- marriage, separation or divorce;
- the death of the executor or a beneficiary; and
- the birth of a child.
We can assist you to make or update your Will. If you would like to make an appointment about these matters, contact Legalbit by clicking here.
I am the executor of a deceased estate. What do I do now?
What if there is no Will?
If a close relative has died without a Will, then it may be necessary to apply to the Supreme Court to get permission to deal with that person’s Estate and distribute it according to law. This can be a complicated area of the law, but we have the skill and experience to advise and guide you.
If you wish to obtain some advice and guidance about the administration of a deceased estate, contact Legalbit by clicking here.