Your Will and estate plan ages over time but unlike a fine wine, it will rarely improve with time. There will be times during your life when you should review and/or update your Will, particularly when your personal circumstances change.
Getting married (or divorced for that matter) can have significant impacts upon any Will, Power of Attorney or Appointment of Guardian you already have in place. Likewise, if you didn’t have any of these documents before marriage, now’s the time (before marriage or divorce), to get them done.
Even if think you don’t need a Will or if the topic is something you prefer to avoid, the preparation of a Will is an important step that can save your family a lot of stress, hassle, disagreement and even money.
Having personally been in practice for 40 years and having been pedantic in our policy of how legal documents are properly signed and witnessed, we are now able to use technology to be able to remotely witness you signing documents.
Testamentary Trusts are estate planning tools which are useful for a range of reasons, including for wealth protection and due to the tax advantages. This article looks at the benefits of Testamentary Trust versus a simple Will.
Every adult should have a Will which is professionally drafted by a lawyer experienced in Wills. There is a temptation to save money by using a free (or very cheap) DIY Will kit but there are inherent risks.