THE IMPORTANCE OF WRITING A WILL WITH EXPERT LAWYERS
October 30, 2023
Dear Valued Clients
In this edition of the FCL Lawyers Newsletter, we will explain the crucial topic of wills and the significance of having expert legal guidance when crafting this essential document. Our leam of expert lawyers has answered some common questions to help you better understand the importance of a well crafted will.
Q1: Why is writing a will important?
A well-drafted will is essential because it allows you to spec- ify how your assets and estate should be distributed after your passing. Without a will, the distribution of your assets may be determined by default rules, which may not align with your wishes
Q2: What are the benefits of consulting expert lawyers for will drafting?
Expert lawyers bring their legal knowledge and experience to ensure your will complies with the relevant laws and is clear, unambiguous, and legally valid They can also provide guidance on minimizing tax liabilities and protecting your assets.
Q3: What happens if some pass away without a will in Australia?
If someone pass away without a will in Australia, your assets will be distributed according to intestacy laws, which may not reflect your preferences. This can lead to potential disputes and difficulties for your loved ones
Q4: How can a well-drafted will protect my family?
A well-crafted will allows you to provide for your family’s financial security and ensure that your loved ones are taken care of according to your wishes. This can include provi sions for minor children, guardianship, and ensuring equitable distribution
Q5: Can I update my will if my circumstances change?
Absolutely, and it’s highly recommended. Life events such as marriage, divorce, birth of children, or changes in your financial situation should prompt you to review and update your will. Expert lawyers can guide you through this process.
Q6: What are some common mistakes people make when drafting their own wills?
Common mistakes include unclear language, overlooking assets, and failing to appoint an executor or guardian for minor children. Expert lawyers can help you avoid these pitfalls
Q7: How can I ensure my will is kept safe and easily accessible?
Store your will in a secure location, and inform your chosen executor and loved ones of its whereabouts You can also keep a copy with your legal advisor for safekeeping
Q8. How do I choose the right lawyer for drafting my will?
When selecting a lawyer, consider their expertise in estate planning experience, client reviews, and their ability to communicate and understand your unique circumstances At FCL Lawyers, our experienced team is ready to assist you with your estate planning needs. We understand that your will is not just a legal document but a means of securing your legacy and protecting your loved ones.
If you have any questions or need expert assistance in creating or updating your will, please don’t hesitate to reach out to our team. We are here to guide you through the process and ensure your wishes are met.
