Is it time to think about updating your will?
If you want peace of mind knowing that when you pass on, your estate will be fairly apportioned in line with your wishes — it’s crucial you understand the process of making a Will.
Should you fail to create this legacy document by the time of your death — known as dying intestate — statutory procedures take over. This means that the court will appoint an administrator to allocate your treasured possessions, property, and funds.
In short, parts of your estate may be given to people you consider undeserving.
However, while writing a Will is essential to fulfilling your intentions, there are numerous pitfalls to avoid — to ensure it’s not challenged or contested after your passing. A legally ambiguous Will is as risky as having no Will at all.
If you marry after the date of making your Will, it will be revoked by law unless it is expressed to be made in contemplation of that marriage, you should consult your Solicitor.
You should also consult your Solicitor in any other circumstances where an alteration to your Will may become desirable, and specifically: If you change your name, or anyone mentioned in the Will changes theirs. If an Executor dies or becomes unsuitable to act due to age, ill-health etc. If a Beneficiary dies. If you have specifically left any property which you subsequently sell, or which changes its nature. If your family situation changes, for example by divorce proceedings or other matrimonial problems.
Falzon Legal will guide you patiently and compassionately through the entire process. Not just ensuring that your intentions today are fulfilled tomorrow, but also that your wishes cannot be questioned after you have departed.
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