Precise Property Partition

A will ensures that your assets are distributed according to your preferences, preventing intestacy laws in NSW from dictating the division of your estate, which may not align with your wishes or the best interests of your loved ones.

By drafting a will, you can ensure that your prized art collection goes to your best friend, who shares your passion for art, rather than being divided among family members who may not appreciate its value.

Careful Custody Choices

A will allows you to appoint a legal guardian for your minor children, securing their wellbeing and care in the event of your death. This is particularly crucial in cases where family disputes may arise or when the other parent is not a suitable guardian.

In your will, you can designate your responsible sibling as the guardian of your children, providing them with a stable and nurturing environment, rather than leaving the decision to the court system.

Streamlining the Probate Process

A well-drafted will can help to simplify and expedite the probate process, reducing legal fees, potential disputes, and the time it takes to distribute your assets. This significantly eases the burden on your grieving family members.

A detailed will that specifies the distribution of your assets, such as your house being left to your spouse and your investments to your children, can make the probate process smoother and faster, preventing unnecessary delays and costs.

Family Feud Frustration

A clear and comprehensive will can help to minimise the risk of disputes among family members and beneficiaries. By outlining your wishes, you can prevent misunderstandings and potential legal battles that can cause emotional distress and financial strain.

By clearly stating in your will that your family home should be sold and the proceeds equally divided among your children, you can prevent disputes over who should inherit the property and the potential for long-lasting family conflict.

Charitable Giving

If you wish to support a cause or organisation after your death, a will allows you to make bequests to your chosen charities. This not only ensures that your philanthropic wishes are respected, but it can also provide tax benefits for your estate.

Your will can stipulate that 10% of your estate is donated to a local animal shelter, ensuring your support for animal welfare continues after your death and providing your estate with valuable tax benefits.