Do you have a Will or is it outdated? There is a large majority of people who either do not have a Will or if they do, they have not looked at it for years. With changing circumstances, it may be well out of date and in need of a substantial make over. Wills are essential to make sure that your assets are distributed and go to those you want, and to avoid lengthy and costly litigation that can erode your estate’s value or cost undue hardship to those close to you. In some circumstances, your estate could even go to the State!
Dying without a Will more than likely will have the result that your estate is not distributed how you would have wanted. You can name guardians for your children, establish trusts and donate to worthy charities through the use of your Will.
You should review your Will at least every 3 or 4 years and whenever life circumstances change. If you get married, divorced, there are new children or grandchildren or an executor or beneficiary dies, you should review your Will and make any changes that the circumstances warrant.
Contact Aitken Wilson Lawyers to discuss estate administration.
Powers of Attorney
A Power of Attorney can be as an important life planning document as your Will. Appointing an attorney gives your attorney the legal authority to look after your financial affairs on your behalf. We can arrange special purpose Powers of Attorney or an enduring Power of Attorney. We will discuss the options with you.
We also offer the service of keeping your original Wills and Powers of Attorney in safe custody so they won’t get lost.