Do you have a Will?

Article by:
Peta Griffiths
Sam Hemachandra

Preparing a Will could be your final act of love to ensure family and loved ones are properly taken care of and to minimise the risk of dispute(s) after your passing.

A Will is a legal document which specifies how all your assets are distributed upon your death. Your Estate may consist of assets including real estate, cash, shares, investments and personal effects. Leaving clear instructions may avoid arguments over who gets what.
You will need to nominate an executor to manage and distribute your estate according to your instructions upon obtaining a Grant of Probate following your death.

Our experienced team at FourLion Legal can assist you to prepare a Will which is legally valid and accurately reflects what is important to you.

If you die without a valid Will, then you die “intestate” and the assets of your estate will be distributed by administration in accordance with the law. This means you have no direct say in who benefits from your estate. Not having a Will can increase the legal, financial and
emotional burden involved in administering your estate during an already difficult time for your loved ones.

Fair is not always equal and equal is not always fair!

Enduring Power of Attorney

An Enduring Power of Attorney is a legal document which allows the person you appoint as your attorney to make financial and property decisions for you in circumstances where you are considered legally
incapacitated.
More than one attorney can be appointed and there are various considerations you should take into account when deciding who this trusted person should be.

An Enduring Power of Attorney can come into effect even in circumstances where you have capacity but might physically be unable to manage your own affairs, e.g. you are overseas or are in hospital.

We can assist you to prepare an Enduring Power of Attorney while you are in good health and can take the time to make the best decisions for your future.