Why It’s Important To Have A Will

Why It’s Important To Have A Will

It goes without saying that we all want to leave our most prized and loved possessions to our loved ones when we pass on from this life.

Although it can seem daunting, writing a Will with the assistance of an experienced will and estate lawyer in Chatswood is a necessary task in order to ensure your wishes and requests can be known and followed by your loved ones.

Formally known as your last will and testament or legal will, it will include all the important things in your life.

An experienced will and estate lawyer, like TY Lawyers in Chatswood can assist you with every step of creating and completing your Will.

What Is A Will

A Will is basically a formal, legal written document detailing how you want your most valued assets and belongings to be cared for, managed or dealt with, upon your passing.

It’s the best way of ensuring your assets go to whom you want them to go.

How To Ensure Your Will Valid

In order for your Will to be valid, you Will needs to be dated, put in writing, it needs to be signed and your signature must be witnessed by two other parties who also need to sign the Will.

You also need to be of a sound mind when signing the Will.

These factors are vital to ensuring your Will is valid and your will and estate lawyer in Chatswood can help with the preparation and documentation of your Will.

Important Factors To Include & Consider In Your Will

  1. Children
  2. Your Assets
  3. Family Heirlooms
  4. Giving To Charities

The Role Of An Executor

One of the important roles that need to be assigned when creating a Will is an executor.

This is someone who will manage your estate or assets when you pass away. It should be someone you trust and their role includes obtaining probate (in order to distribute the assets), pay any debts and distribute assets according to your wishes in the Will.

Sometimes people choose to appoint their will and estate lawyer in Chatswood as executor of their Will due to their expertise in administering Wills and also as they are an external party to the immediate family.

How A Will & Estate Lawyer Can Assist You

Engaging a will and estate lawyer in Chatswood to draft your last will and testament will ensure you cover everything that is important and that all communication is clear.

Your will and estate lawyer in Chatswood will make sure nothing is missed or left to chance along with being able to store your Will safely and securely.

If you’re looking for advice on how to arrange and distribute your estate based on your children, dependants, spouses and any other important people, then that’s also something you can get assistance with.

People Of Chinese Heritage

TY Lawyers don’t just cater to English speaking clients.

If you’re of Chinese heritage, our team of lawyers speak fluent Chinese (Mandarin & Cantonese), so you can feel confident you’re being fully understood and nothing is misconstrued when putting your Will together.

TY Lawyers can assist you with all your will and estate queries. Our team will be with you every step of the way whether you’re writing your first will or you need a new will written to reflect your updated personal situation.

Contact us today to discuss your will and estate requirements and one of our experienced will and estate lawyers in Chatswood will be able to assist you.

Call TY Lawyers Chatswood on: (02) 8007 0135.

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