Why do I need wills and estate lawyers Adelaide?
It’s not until people get old that they begin to take wills seriously. However, we strongly encourage you to consider the benefits early on to avoid leaving drama and confusion behind. Our wills and estate lawyers Adelaide will educate you on:
- the purpose of a will
- how to write one properly
- what will happen if you don’t write a will
- how to manage it after completion.
Each country has a different will system in place, but Australian’s are lucky to have complete freedom of choice. We encourage you to take advantage of that independence by having a say in what happens to your assets after passing. It doesn’t have to be a stressful process. Our lawyers are professionally trained to ensure not a single detail goes unaccounted for. We pave the path, and you choose your direction! Give our wills and estate lawyers Adelaide a call to book your consultation.
The first thing our wills and estate lawyer Adelaide will outline is the repercussions of not having a will. The official term for this is intestacy. While each state has a different system in place, authorities will effectively decide what happens to your assets and belongings on your behalf. In accordance with the Administration and Probate Act 1919, the South Australian government base their decisions on what they believe would be the deceased’s preferred course of action. However, this isn’t always accurate—which is where the drama comes in. Your chosen beneficiaries don’t have to be family members, because it wouldn’t make sense for someone you had little affiliation with to profit from your passing. You can choose friends, charities, neighbours or even animals to receive your estate. Our wills and estate lawyers Adelaide will give you the full run-down on how to choose the right beneficiaries!
All about wills—the details broken down
Before piecing together a will, there’s a few important terms that our estate lawyers Adelaide would like to bring to your attention.
Estate: This is an umbrella term that covers all assets owned by a person. This includes everything from cars and houses, to insurance, jewellery, clothing and even debt. Such liabilities will fall on the shoulders of the chosen executioner.
Beneficiaries: These are people who receive any kind of benefit from the benefactor (the deceased). Our lawyers will stress the importance of recording the correct name and allocation details when writing a will.
Executor: This is the reliable person you have chosen to manage the distribution process. Their role is to oversee that the correct property and assets have been received in alignment with your wishes. Our wills and estate lawyers Adelaide will ask all the right questions to help our clients make educated decisions!