Why Write a Will?

Writing a will is essential for several reasons:

Asset Distribution: A will allows you to specify how your assets, such as property, savings, and personal belongings, should be distributed among your loved ones.

Guardianship: If you have minor children, a will enables you to appoint a guardian who will care for them after your passing.

Peace of Mind: A properly executed will provides you with peace of mind, knowing that your wishes will be respected, and your loved ones taken care of.

Key Considerations for Writing a Will in Cairns

You must consider the following when writing a will:

Eligibility: In Cairns, you must be at least 18 years old to create a will. You should also be of sound mind and not under duress.

Executor: Appoint an executor, the person responsible for administering your estate and ensuring your wishes are carried out. This can be a trusted family member or friend.

Assets and Liabilities: Make a list of all your assets and liabilities. This includes property, bank accounts, investments, debts, and personal belongings.

Beneficiaries: Clearly specify who will receive your assets. This can include family members, friends, charities, or any other beneficiaries you choose.

Guardianship: If you have minor children, name a guardian in your will. Ensure you discuss this with the chosen guardian beforehand.

Specific Bequests: If you have specific items you want to leave to particular individuals (e.g., family heirlooms), detail these bequests in your will.

Funeral Wishes: You can express your funeral and burial, or cremation wishes in your will, although it is not legally binding.

Review and Update: Periodically review and update your will to ensure it reflects your current circumstances and wishes.

Keeping it safe

It is important that you store your will in a safe and easily accessible place, and inform your executor and loved ones of its location so that it can be easily accessed following your death.

Seek Legal Advice

While writing a simple will can be done independently, seeking legal advice is recommended, especially for complex estates. A solicitor can ensure that your will is properly executed, minimising the risk of disputes and legal challenges.

In Cairns, writing a will is a crucial step in estate planning, ensuring your assets are distributed according to your wishes. By following the legal requirements and seeking professional advice when needed, you can create a will that provides security and peace of mind for you and your loved ones.

Need help?

Discover expert legal guidance with the Cairns Family Lawyers team at James Noble Law. Experience a complimentary and obligation-free 20-minute consultation by scheduling an appointment with one of our qualified and seasoned Family Lawyers in Cairns.

Explore our office locations seamlessly on Google Maps and unlock our legal expertise. Delve into the proficiency of our Accomplished Family Lawyers in Brisbane and our Committed Family Lawyers in Cairns. Experience the dedicated legal services of our Proficient Family Lawyers in Milton.

Contact us today to navigate your family legal matters with precision and care.

You may also like to know more information about the

• WILLS & ESTATE PLANNING
• How To Remove The Executor of Will Of Your Estate?
• 8 Critical Reasons To Update Your Will Sooner Rather Than Later
• How Effective Are Mutual Wills? What Are They For?
• Binding Financial Agreements & Will Drafting Essentials You Really Should Know About
• Who Would Kobe Bryant’s Billions Go To If He Lived In Queensland Australia, And Died Without A Will?
• Australian divorce law property settlement: Divorce Enduring Power of Attorney and Wills
• No Ill Will: What is Testamentary Capacity?
• How To Be an Executor of a Will or Will Administrator of an Estate?
• How To Avoid Problems Drafting A Will

For more information, please visit our website: writing a will Cairns