It is important to consider who your Executor will be, from appointing those you trust implicitly and/or those who are able to act considering geographical constraints or otherwise. Beneficiaries are those who will “benefit” from your estate.
We can help you identify those people you would like to benefit as part of your estate planning, and best way to make gifts to them. Occasionally, where a potential beneficiary may have a disability – a discretionary or protective Trust may be required. These days blended families are also quite common and sometimes a “right to reside” may be considered. When you work with our estate lawyers, we will also be able to provide advice to help you better understand the nature of these decisions, and the possible repercussions of them.
You may consider preparing your Will to be simple and straightforward, and in some
circumstances it can be. A.L.F. Lawyers can assist you establish if this is the case.
It is important to revise your Will often, particularly when significant changes occur in the family, for example birth, death, illness, separation, divorce, remarriage or there is a change in your financial position.
You should also be aware that you cannot simply add something or cross something out of your Will. A handwritten change could invalidate your Will in its entirety. To amend your Will, you must either make a new signed and witnessed Will or add a signed and witnessed addition called a codicil to the existing Will. If you are revoking your Will, you should make a written declaration that you intend to revoke the old Will which should be contained in your new Will.