Wills and Estates
WILL AND TESTAMENT
IS A WILL?
Simply, a Will is a document that states what should become of a
upon death. It includes who handles the administration of the
estate ("Estate Trustee"), who gets what (and when) and who
takes care of
NEED A LAWYER TO PREPARE A WILL?
your background includes Estate Planning and Administration,
idea to have a lawyer prepare your will rather than doing it
yourself. It doesn't cost that much and when you contrast your
the Estate's costs of dealing with an ambiguous will, any
will be more than offset by the added grief and legal costs to
Remember, those you leave behind will have to straighten it out.
And if it
a court application, it will cost your family a lot, certainly
what you saved in the first place. There are many fine ways to
Doing your own will isn't one of them.
IF I DIE WITHOUT A WILL?
called an "intestacy." If you die without a will, the law sets
gets what from your estate. How you may have wanted it
taken into account. So if you don't want to
your estate while you're alive, the government will settle it
after you're dead.
law if you have no next of kin, the government will keep it all.