
A Will is a formal document that you prepare which identifies what you want to happen to your assets and your estate when you have passed away. The intention of a will is to provide a clear indication from you to your family, friends and other people in your life the exact instructions that you have with regards to giving away your property and assets after you have passed away. This is a very important step in terms of estate planning in order to, as much as possible, limit the chances of any difficulties or uncertainty arising with respect to any aspect of your estate.
Questions to Consider when Making a Will
When making a will, our staff will ask you a variety of questions in order to encapsulate your exact instructions with respect to your assets. These questions will vary depending on every person’s specific situation, however the types of questions that will be asked include:
- Your full name, including any other names that you are known by or referred to by;
- Your current residential address;
- Full names and details of any person or people who you would appoint as your ‘Executor’, being a person or people who you appoint to be responsible for giving effect to your wishes under your will when you have passed away;
- Details of your assets, such as:
- The addresses of any real property that you own;
- Details of any and all bank accounts in your name;
- The make, model and identifying details of any motor vehicle in your name;
- The name and number of any shares you own in your name;
- Details of any other items which you own, whether sentimental or otherwise, which you intend to leave to any other person or persons under your will; and
- Full names and details of all beneficiaries, being the people who you are identifying as the people who you want to inherit your estate after you pass away.
As part of a will, you can also include details and instructions with respect to arrangements for any minor children, funeral arrangements for yourself after you pass away, as well as the specific instructions associated with any of the powers given to your executors to manage your estate in the interim until your estate is finalised.
When making a will, it is important to think carefully about your intentions and instructions. Our staff are more than willing to assist you in terms of answering any questions or clarify any points that you may have when it comes to making a will for yourself which fully encapsulates your instructions and provides you with piece of mind while satisfying the formal legal requirements of all wills within the jurisdiction of New South Wales.
For more information or assistance with your Wills Matter, please contact our office on 1300 557 819 or admin@cityprosecutor.com.au