Writing a Will – When’s the best time? - When should you write your Will? It’s interesting that we get asked this questions quite a lot – maybe not the exact question, but certainly the question around the timing of writing a Will. The ‘legal answer’ is “before you die or lose your mental capacity”. However, since it’s quite difficult for most people to accurately predict when those events will happen, then the ‘practical answer’ really is “Right now – today”. Unfortunately, it’s been my experience that writing a Will is probably one of the most procrastinated tasks in life – and I hear too often, “we always talked about doing a Will, but just never got round to it” (and you can guess that those conversations usually happen after someone has passed away). But that happens. The sad reality is that I’ve helped clients when someone in their family has gone to work and never come home, or just gone out for a walk and never returned. Misfortune just doesn’t happen to other people, it can happen to everyone. While these are just two examples of where I’ve had to help people deal with the consequences of their loved ones not having a Will, they’re stories that are repeated over and over again all over the world. Every tragedy or accident on the news affects more than just the person who suffers the tragedy or accident. Everyone is connected to someone in some way some how and so what affects that person also affects others. It’s those others that Wills are written for. Who are your ‘others’? Your spouse, your children, your family and friends? If you’ve come to the realisation that you need something in place to give you (and them) some confidence or peace of mind that they’re going to be cared for when you’re gone, then you know it’s time to write a Will. Want to know more about Wills and Estate Planning? For more information regarding our estates and succession planning services, including will preparation, powers of attorney, enduring guardianship, obtaining probate or letters of administration, and managing deceased estates, please use the quick enquiry form found on this page or call our office on 02 9687 8885. Our experienced estates lawyers look forward to assisting you with your Wills, and your estate and succession planning requirements. This website is proudly supported by Phang Legal. This article was posted by Ern Phang, director of Phang Legal. Related posts: Reduced Fee for Will Preparation and Review Estate planning for the holiday season Will Awareness Day 2011
Posted on: Sat, 27 Sep 2014 01:33:58 +0000
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