It is important that your family is taken care of after you pass and that your wishes are honoured.  

A legally binding and up to date Will provides clarity for your loved ones at the most difficult time and can assist in preventing arguments over the distribution of your estate.  With the help of our Succession Planning Team, you can rest assured that your affairs are in order and you have taken steps to minimise some of the pain of your passing to your loved ones by having the right documents in place.

A Will is a legal document that describes how you would like your assets (Bank funds, Shares, Real Property, specific belongings and even Superannuation) to be disbursed once you have passed.  The individual/s or organisation appointed in a Will to administer your estate after you have passed are referred to as Executor/s.  The individual/s you list to receive your estate are called Beneficiaries.

What happens if I don’t have a Will?

If you pass without having made a valid Will, you are said to have died “intestate”.  Passing Intestate may result in your estate being administered by someone you did not wish to handle your affairs and may even mean that your assets are distributed to those that you did not intend to leave such assets to.

The Succession Act 1981(QLD) lists rules for who will receive your Estate based on the circumstances of your life at the time you passed away.  This is why it is particularly important to take the time to act on your succession planning, especially following a change to your circumstances (birth of a child, new marriage or marriage / partnership breakdown).

Please contact our Wills and Estates team to help you through the process.