A competently drafted and properly executed Will allows you to materially provide for your loved ones in the way you wish for. It also provides assistance, security and guidance to your family and beneficiaries at a time when they are grieving.
Who you appoint as your Executor(s) to your Estate an important decision. It is advisable to ask the person you would like to be your Executor in advance of naming them in your Will, as an Executor has many onerous duties to undertake. We also recommend naming a second Executor in case the first Executor is unwilling or otherwise unable to perform their duty when the time comes.
Proper forethought in relation to your assets and Estate will ideally cover the following issues:
- Who will you nominate as your Executor(s);
- What assets are yours to bequeath and what are not;
- How do you wish to distribute those assets;
- Binding nomination for Superannuation Funds and Insurance Policies;
- Business succession planning;
- Testamentary trusts; and
- Overseas assets
Competent planning can minimise tax, maximise what your beneficiaries receive, and assist you with passing ownership or control of your assets according to your wishes.
We pride ourselves on taking care to tailor your Will to your specific requirements, whether it is a simple Will in straightforward circumstances, or a complex series of documents with different factors.
Obvia Legal can guide you through this complex area to give you peace of mind, knowing your family and beneficiaries will receive the best they can from you.