When giving instructions to prepare a Will, consideration needs to be given to the following:
1. You need to appoint an executor and trustee of your Will. This can be your wife/husband, partner or your children. The person or persons you appoint must be someone you trust completely. The executor and trustee can be a beneficiary in the Will.
2. In the event your executor is not alive at the time of your death, you might consider appointing a substitute.
3. Beneficiaries: Children are often named as beneficiaries. Provision should also be made for grandchildren in the event a child is not living at the time of your death.
4. Consideration needs to be given to what age infant beneficiaries should receive their inheritance (e.g. 18, 21, 25 etc.).
5. It is common to include in a Will whether you want to be buried or cremated and whether you wish to donate your organs to living people and/or to medical science. In addition to preparing a Will, consideration should also be given to preparing both an Enduring Power of Attorney and an Enduring Power of Guardianship. We have special packages for the preparation of all three documents.
Armour & Allen are specialist lawyers in Adelaide for providing expert legal advice tailored to your needs. We focus on realistic outcomes & guide you through the best options to achieve your goals.