There are 2 types of Wills. Old Wills and the Modern Wills. You you ay exactly what you want to occur with your wealth once you pass away. There are 2 things to consider when deciding who is going to get your wealth. The First considerations are both Financial, and the other is your loved ones (beneficiaries). The Financial Issues are things such as the amount of wealth you have, the amount of Life Insurance, how much your superannuation you have and the age of the beneficiaries. Also, if you have any companies or trusts you control or own, then these issues must be considered too. These are just a few main issues to take into account.
Then there are people factors; the 2nd category to consider. Do you have children under or over 18, do you have grandchildren. Has anyone got a disability or drug, alcohol, or gambling addiction, or are there any estranged members, does a beneficiary have a job that could be a high risk of being sued (eg a Doctor, or solicitor)?
Once all these factors are considered then the right type of Will can be chosen. To avoid missing any critical financial issues in your Will drafting, talk with Conrad Turnbull, who was a financial advisor for a number of years specialising in Estate Planning (Wills) advice. If your situation requires that advice, then Conrad will let you know you may need to obtain that from a qualified licensed financial planner. With Conrad Turnbull preparing your Will, you won’t miss anything and you can feel happy knowing that you’ll have the best Will for your situation.
Getting your Will drafted correctly can save tens of thousands of dollars each year after you pass away. A modern Will written correctly can ensure your beneficiaries get a lot more! You worked hard for your wealth. Now ensure as much as possible goes to your loved ones, and not the government in taxes each year.
Call us now to make an appointment to discuss your wealth and what you want to happen.
