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New Government: What does this mean for Australian Migration? Property Settlement of Separated Partners Guardianship & Administration – How are they different? View All NewsOne of the things that is not only unavoidable but also unpredictable is death. Procrastination and the reluctance of accepting death being part of life are the most common reasons for not having a will. Many people tend to put writing a Will on hold because people often think they would not need one for a long time. It is often only when an unexpected death or disability occurs, one would realise that Wills are necessary. At that time, it is too late.
We need to know that Wills are not just for the elderly or the those in their deathbeds. Having a formal Will in hand is similar to making some sort of preparation for the worst if it were to happen.
Why is it important to write a Will?
A will is a legal document that sets out how you wish to distribute your money, properties, possessions, online accounts and also the care of any minor children.
With the time and energy spent on properties and assets that you have accumulated, you would wish to be in control of who is to inherit them. This can be done by having a Will as it will state your instructions clearly with regards to how you want things done should you no longer be in the human world. In short, having a Will can ensure that there are no complications after your death.
If you die without a Will, your wishes may not be followed and your family may need to spend additional time, money and physical and emotional energy to deal with your matters after you are gone. Dying without a will could also create opportunity for former spouses (if any) and distant or estranged relatives to make a claim against your property and assets. Lastly, dying without a Will gives a right to Courts under state laws to decide which family members will inherit your properties and assets and in what proportion.
Note: Due to recent the Covid-19 Pandemic, Wills can now be done online (caveat applies) and consultation can be done via video conferencing.
If you would like to inquire about writing a Will or find out more about your rights and options, Straits Lawyers are here to help. Simply send us an email at info@straitslawyers.com or give us a call on 8410 9069 to arrange an appointment for an online interview.
Please note that this article does not constitute legal advice and Straits Lawyers will not be legally responsible for any actions you take based on this article.
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