Estate Planning is one of those things that we know we should do, however it is often one of the things that we never get around to. Or if we do, we put it in the drawer and don’t think about it again.
But this is not the case. Your Will is something that you should review every two to three years to ensure that it still reflects your wishes. You should also review your Will if there has been a change in your personal circumstances or financial situation.
Under relevant legislation there are certain events in life, such as marriage and divorce, which may cause your Will, or part thereof to be revoked. For example, when you obtain a Divorce or are no longer in a civil union, the appointment of your former spouse as executor, trustee or guardian will be revoked. Likewise, if you made provision for your former spouse in your Will or provided them with a specific gift, these clauses will also be revoked.
In the event part of your Will is revoked it is possible that your Will no longer reflects your wishes. If this is the case, you should review your estate planning!
Robinson + McGuinness offers fixed fees and package deals in relation to estate planning. Fixed fees start from $660 including GST.
Contact us today on (02) 6225 7040 or get started now online. You can also send us an email at info@rmfamilylaw.com.au for your obligation free quote specific to your matter.
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