Making Your Will
What is a Will?
Your Will is a legal document which sets out your final wishes of the distribution of your assets after your death. A Will is an important document and must be carefully prepared an executed. Any mistake or wrongful interpretation could result in your wishes not being met. This could see your loved ones miss out and others gain from your estate.
Estate Planning and your Will
Before you have your Will prepared it is important to take into consideration estate planning. This is a process where we will examine your current legal affairs and take this into consideration for your distribution to your beneficiaries. We also examine the life circumstances of your beneficiaries and the impact of your legacy to them. Estate planning is a vital step prior to the creation of your Will.
A life interest is a benefit to someone which survives for their life or upon a certain event. An example of a life interest is where a Will maker gives a person a life interest in a property for that person to live in that property for the rest of their life. Upon the death of the person who received the life interest the property is then dealt with in accordance with the instructions contained in the will.