A Will is a document that sets out who you wish to administer your estate and who will receive your assets and belongings after you die. Having a valid Will is the only way you can tell those you leave behind how you want your assets to be distributed. A valid Will also ensures your estate is given to those you want to receive it and will exclude the statutory regime that would apply in the absence of a valid Will.
A badly prepared Will could mean that:
- your assets are not distributed as you had intended;
- assets are left exposed to creditors;
- tax advantages are lost;
- the formalities required for a valid Will may not have been complied with;
- Your estate may be compromised by family members who are not satisfied with their share of your assets.
Your Will should always be kept in a safe place and copies should be kept to a minimum. At Baker O'Brien & Toll Solicitors we can keep your Will in our Safe Custody Safe, a service that is provided free of charge to all our clients.
EXPERT ADVICE INSuccession + Estate tel 07 4152 4555