What is a Will?
Posted by PW Lawyers
on 1 August 2024
A Will is a legal document used by the willmaker (also known as the testator or testatrix) to make a declaration on the intentions of their wishes upon their death.
The key characteristics of a Will include:
Revocability: A Will may be revoked by the testator at any time until their death, pr...
Posted in:Estate PlanningLegal ServicesWills |
What happens if I die without a Will?
Posted by PW Lawyers
on 30 July 2024
When a person dies without a Will it is known as dying intestate. If you die without a Will, the government decides how your estate will be divided under the rules of intestacy in the Succession Act NSW 2006. Like any legislation these rules can be changed by the State Government at any time. Hav...
Posted in:Estate PlanningWillsrules of intestacy |
What is Probate?
Posted by PW Lawyers
on 25 July 2024
Probate is a Court order that confirms the deceased's Will is valid and legally binding, which then allows the deceased’s assets to be distributed according to the terms of the Will. The court of Probate is the Supreme Court in each State and Territory.
What does Probate involve?
...
Posted in:Legal ServicesProbate |
Why do I need to have a Will?
Posted by PW Lawyers
on 12 July 2024
Do I really need a Will? Why should I go through all the effort of thinking through my assets and deciding who gets what? Surely my family will be my beneficiaries, and they will be fair in distributing my assets? These might be some of the questions going through your mind if you are considering...
Posted in:Estate PlanningLegal ServicesWills |
The Intestacy Rules
Posted
on 12 July 2024
When a person in NSW dies without a valid Will they are referred to as dying intestate. The Succession Act 2006 (NSW) outlines the rules of intestacy, which determines how the estate of the deceased is distributed. This is based on the family relationships of the deceased.
Where the deceased has...
Posted in:Estate PlanningLegal Servicesrules of intestacy |