Do I need a will? Here's why the answer is always yes.
At Maddens Lawyers, one of the most common questions we’re asked is, "Do I need a will?" The answer is always yes. Having a will is crucial for everyone, regardless of your age, stage of life or financial situation. Here are five key reasons why having a will is essential:
- Protect Your Loved Ones
Having a will enables you to protect and provide for your loved ones. Without a will, the laws of intestacy will determine who inherits and administers your estate, which may not align with your intentions [potential link to previous blog article re second spouses and intestacy laws?]. By creating a will, you ensure your loved ones are provided for after your death in the way you had hoped, and that a trusted person will be in charge of handling your affairs. - Express Your Guardianship Wishes
For parents, creating a will is crucial to plan for the future of your dependents. A will allows you to nominate your preferred guardian to assume parental responsibility for your dependents if something were to happen to you. It is important when choosing a guardian to choose someone who shares your values and is capable of providing for your child’s needs. - Avoid Legal Complications
When a person dies without a will, the process of administering their estate can be a complex, time consuming and costly burden that is left to their loved ones. By creating a will, you can help to minimise unnecessary complications and potential conflict between family members. - Secure Your Family’s Financial Future
Having a will allows you to plan for and protect the financial future of your loved ones. We can work with your financial advisers to assist in implementing bespoke steps you may take to provide financial stability and asset protection for your family during a very difficult time. - Honour Your Legacy
A will goes beyond distribution of your financial assets. Having a will enables you to leave clear instructions and wishes about personal matters such as charitable donations, specific gifts of your belongings and your funeral and burial preferences.
How Maddens Lawyers Can Help
Regardless of your age, stage of life or financial situation, having a will is essential. Taking the time to draft a will today ensures your intentions will be respected and helps your loved ones avoid unnecessary difficulties upon your passing.
Maddens Lawyers Wills & Estates team are ready to work with you to draft a will that uniquely reflects your wishes and offers you peace of mind. Contact our experienced team today on 1800 815 228 or request a call back.
