
Wills
The hardest part about doing a will is getting around to it. Despite our best efforts at kidding ourselves, we are not invincible. Administering an estate where there is no will is an expensive exercise and more difficult than it needs to be.
Free Will!!
Here at websterlaw, we offer our clients a free will, or will review, each time we do a conveyancing transaction.
Simple Husband & Wife Will
For a husband & wife, partnership or civil union situation, we suggest a simple will which will provide for the surviving spouse/partner to be appointed as the sole trustee, and for that person to be given the whole of the balance of the estate. On the death of the remaining person, the estate is to be held by trustees for the children of the deceased in equal shares on those children turning XX years. We prefer to see an older age there, with a discretion on the trustees to bring that date forward if the circumstances were appropriate. All we need from you to complete a will like this is the names addresses and occupations of you, your spouse/partner and the people you want to be your trustees in the event of the second death. Other issues include appointing guardians for minor children, specific bequests (i.e. my grandfathers gold watch to my eldest son). There are sometimes very good reasons not to do this type of will, and this is where our skills at assessing your situation and coming up with the right product are essential.
Life Interest Wills
Here, we would be giving the asset to trustees to hold for the life of the other party, and on their death, or remarriage (etc) giving the asset to the children of the deceased in equal shares.
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