4. Passing away without a Will can be very expensive
and chaotic for those left behind.
One of our recent family law clients, passed
away. We had discussed the necessity to prepare a
Will with him many times but he kept on saying, wait
until all of these other issues have been dealt with.
5. His family issues (which were particularly onerous
and expensive to finalise) were resolved 6 months
ago resulting in him having to pay his former wife
a large percentage of the marital assets.
6. He had not changed his old Will (the one
prepared prior to separating from his wife) naming
her as the executor and sole beneficiary. Now
that he has passed away, his former wife is about
to receive all of his assets, notwithstanding that
the couple has already split their marital assets.
7. Don’t be caught without an up-to-date Will. If you
do, you may find that your executor(s) may turn
out to be someone that you no longer trust or
even like.
8. For more details
Visit us @
http://www.bambricklegal.com.au/
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(08)8362 5269