Changing a Will
Changing a Will
Your life circumstances will change over time and you will find you need to change and update your Will. Get yourself an estate planning lawyer from us to ensure your Will is always up to date. We will ensure in the unfortunate event of death or incapacity, your assets are distributed to those whom you want to benefit from your Estate.
It is recommended to review your Will every 3 to 5 years or where there is a change of circumstance.
WHAT IS INVOLVED IN CHANGING A WILL?
If you require changes to your Will, a new Will can be prepared.
In the alternate you may add a codicil. A codicil is a document that modifies or revokes a Will or part of a Will.
WHAT CHANGES SHOULD I MAKE TO A WILL?
It is important to change your Will when there is a change of circumstances. This can include when you marry, when you divorce, when there is a new child, where your asset pool changes, where there is the death of an executor or beneficiary or the deterioration of your relationship with an executor or beneficiary.
WHO SHOULD I NOTIFY ABOUT CHANGES TO MY WILL?
You should notify an executor or beneficiaries where your original Will is held. You are not required to explain the content of the Will with your executor or beneficiaries and why certain decisions have been made.
WHAT HAPPENS IF I CAN’T FIND MY MOST RECENT WILL?
If you cannot locate your Will a new Will should be created which includes a clause to revoke your former Will.
WHY SHOULD BRYDENS LAWYERS MANAGE YOUR WILL?
Brydens are professional, efficient and reliable experts who can manage the process minimising the stress and burden to your family during difficult times.
LATEST NEWS FROM LEE
Superannuation, as we know, is a legal obligation on the part of all employers to contribute a minimum percentage of each employee's earnings to a compliant superannuation fund or retirement savings account. Currently the superannuation guarantee contribution rate is 9.5% of a worker’s ordinary time earnings.This rate will increase by 0.5% on 1 July 2021. Further increments will apply annually up until 2025/26 when ultimately the superannuation guarantee rate will be set at 12%.
This of course is good news for all employees. It is however only good news if the superannuation guarantee rate is in fact paid by the employer.
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