Establishing a valid Will
Establishing a valid Will is fundamental if you want to be sure that your intentions are carried out after you've gone.
What happens if you don't have a Will?
If you die 'intestate', that is, without a Will, your assets will be distributed according to a statutory formula and may not be in line with your wishes. That's why it's important that you establish a valid Will and review it as your circumstances change.
Many life events such as marriage, divorce, the birth of children and the buying or selling of assets will impact your Will. To account for such circumstances, it is important to review your Will regularly to ensure it remains appropriate.
When it comes to distributing your assets, it's hard to please everyone. However, the right planning can minimise the likelihood of conflict, disagreement and claims against your estate.
While a solicitor can certainly draft a Will in accordance with your wishes, they may not be able to advise you on how your assets can be distributed in an effective way. But, that's where we can help.
A Bridges financial planner can help you identify estate planning opportunities and how you can transfer your wealth.
To find out more make an appointment with a Bridges financial planner.