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5 reasons 2017 is the year to get your affairs in order

PFL_blog wills 2017Most people start the New Year with a list of resolutions they vow to maintain – however, more often than not, by the end of January we’ve slipped into our old habits. Why not use the New Year to get your affairs in order? The start of the new year is the perfect time to think about the future and to get your affairs in order particularly if your circumstances have changed over the last year.

We often hear people say they’ve put off doing their Will simply because they didn’t think they had anything of value to leave behind. If you started going through what your estate would comprise of, for example – superannuation or insurance benefits, you might be surprised at just how much you own.

The average Australian family estate is worth around $500,000.00.

So why do you need a Will at all?

Essentially, everyone over the age of 18 should have a Will despite the fact there are a large number of Australians without one. The five reasons below highlight why it’s so important to have a Will.

  1. Control Over Your Assets – a Will will ensure that your assets are passed to the right person.
  2. Certainty – There are legal requirements as to what makes a Will valid. If these requirements aren’t complied with, your estate could again be put before the courts upon your passing away – another expensive and timely process for your loved ones and beneficiaries.
  3. Your peace of mind – Without a Will, your executor and trustee could end up being someone who you would not want in control and you’ve done the best you could to protect the interests of your beneficiaries.
  4. Your family’s peace of mind – In the unfortunate eventuality of death, having a Will avoids added stress for your loved ones and the uncertainty that arises when there isn’t a Will.
  5. Being Prepared – Loss of your mental capacity from and accident, disease or simply aging can prevent you from being capable of preparing your will. Nobody can predict when loss of capacity may occur.

A Power of Attorney should complement your Will and form part of your estate plan. Unlike a Will, which has effect after death, a Power of Attorney gives authority to a person or people named by you to make decisions on your behalf, should you not have the ability to do so yourself. Together, your Will and Power of Attorney can ensure that your wishes are heard at a time when you do not have a voice.

For your peace of mind, Perdriau Family Law offer a selection of Estate Planning packages.. This means your legal concerns can be dealt with efficiently, without the worry of having to make a financial decision first. There is no comparison between the value of your estate and the cost of preparing a Will.

Make 2017 the year that you get your legal affairs in order.Contact one of Perdriau Family Lawyer’s Wills and Estate experts and we can ensure that is one resolution you keep!

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