Many people do not realise the importance of having a Will until it is too late. The danger of not having a proper Will in place is that your assets, that you have spent your life building, may be distributed to people you do not wish to have benefit from your Estate. In some circumstances, your property may even pass to the government.
Why do I need a will?
By having a valid Will in place, you ensure that the people you love are taken care of under the terms of your Will. Our probate solicitors can assist you with preparing a Will that reflects your wishes and intentions and one that will be legally enforceable upon your death.
Even if you already have a will, you should review its content at least every three years or at any significant milestone in your personal life. All of the following are appropriate times to consider updating your Will:
How much will it cost?
The failure to execute a valid Will may cost your estate thousands of dollars.
At Bainbridge Legal, the cost of a simple will is a fixed fee of only $250. If you have more complex financial circumstances, or wish to include additional provisions such a testamentary trust, we can tailor a package to suit your budget.
Beware of DIY Will kits
Succession law (ie. wills and estates) is a complex area. The average estate is valued at several hundred thousand dollars and with so much at stake, it is extremely unwise to roll the dice and risk everything on a "do it yourself" kit you might buy from a newsagent.
There is no substitute for legal advice from a properly qualified wills and estate (probate) solicitor. At Bainbridge Legal we can advise you on the best way to ensure that your loved ones are properly provided for after your passing and we can draft your will in a manner which best protects your estate from potential challenges and disputes.
"Only put off until tomorrow what you are willing to die having left undone"
- Pablo Picasso