{"id":1237,"date":"2018-06-01T09:00:00","date_gmt":"2018-06-01T09:00:00","guid":{"rendered":"http:\/\/trustedagedcare.com.au\/?p=728"},"modified":"2018-06-01T09:00:00","modified_gmt":"2018-06-01T09:00:00","slug":"do-you-have-a-valid-will","status":"publish","type":"post","link":"https:\/\/trustedagedcare.com.au\/newsite\/2018\/06\/01\/do-you-have-a-valid-will\/","title":{"rendered":"Do you have a valid Will?"},"content":{"rendered":"

Creating a valid will is one of the most important things you can do to protect your loved ones. Here we explain how to go about it.<\/h1>\n

Seek legal advice<\/strong><\/h1>\n

While DIY will kits can seem like an easy and inexpensive way to make a will, they can be fraught with pitfalls.<\/p>\n

Your affairs are probably more complex than you think \u2013 your family home or Refundable Accommodation Deposit, pensions, investments and belongings. Having a properly drawn up will helps to determine who gets what and can save your family time and stress when you are gone.\u00a0 And ensure that what you wish to occur, actually happens.<\/p>\n

Your lawyer or financial planner will also be able to provide insights into how to best structure your will, both to protect assets and to minimise tax. Examples include setting up a testamentary trust to provide for minors or vulnerable adult children, or to protect your estate from creditors.<\/p>\n

Safeguard your children\u2019s future<\/strong><\/h1>\n

Probably one of the most important reasons to make a will is to ensure any dependent children are well cared for should the worst happen.\u00a0Sydney wills, probate and estate specialist, Graeme Heckenburg of Heckenberg Lawyers, says generally parents should make separate rather than joint wills, as they are likely to die at different times.<\/p>\n

You may also need to consider the needs of your adult children.\u00a0 Are they in a vulnerable position?\u00a0 Do you dislike their partner and would rather they didn’t receive part of your funds?\u00a0 Are they facing divorce and you’d rather your inheritance wasn’t included in the marital assets?\u00a0 Do your children face bankruptcy or have substance abuse issues?\u00a0 Some may be spendthrifts and receiving a large sum of money may not be in their best interests.<\/p>\n

You may desire that certain items to go certain people and want to be sure that this wish is fulfilled.\u00a0 Legal advice is vital in these situations.<\/p>\n

Keep your will updated<\/strong><\/h1>\n

Once you have made a will, don\u2019t just leave it in a drawer.\u00a0 Circumstances change over time, so ensure your will reflects your current situation, particularly if your spouse has died, you have married or divorced or you have become a parent or step-parent.\u00a0 You may wish to consider grand-children in your Will or have perviously gifted items to people you no longer are in touch with.\u00a0 Reviewing regularly is a good idea!<\/p>\n","protected":false},"excerpt":{"rendered":"

Creating a valid will is one of the most important things you can do to protect your loved ones. Here we explain how to go about it. Seek legal advice While DIY will kits can seem like an easy and inexpensive way to make a will, they can be fraught with pitfalls. Your affairs are […]<\/p>\n","protected":false},"author":3,"featured_media":729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[8],"tags":[59,69,70,61],"class_list":["post-1237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-estate-planning","tag-financial-advice","tag-lawyer","tag-wills"],"acf":[],"_links":{"self":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/posts\/1237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/comments?post=1237"}],"version-history":[{"count":0,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/posts\/1237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/media\/729"}],"wp:attachment":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/media?parent=1237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/categories?post=1237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/tags?post=1237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}