Have you given any thought to estate planning lately?
Well, there's no time like the present - it's Will Awareness Day!
The celebrations kicked off today at the Mittagong RSL Club, where a free seminar was held on the problems associated with creating a homemade will. A number of estate lawyers were present to offer their expert advice.
This is just one of the many seminars that will be taking place all over New South Wales over the next few weeks. Around 40 have already been organised, so there's a good chance you can make it to at least one!
In addition to this, you can always pay a visit to Craddock Murray Neumann's team of estates lawyers and get clued-up on this often complex area of the law.
President of the Law Society of New South Wales, John Dobson, said that it is absolutely vital to seek proper legal advice when you are preparing a will.
This should ensure that there are no aspects of the all-important document that are unclear, meaning it is less likely someone can dispute a will you have written.
"Dying without a will in place or having a badly prepared one can cause major stress and expense [for] those left behind, and is an all too common cause of serious rifts amongst family members," said Mr Dobson.
It is important to remember that your will is just one small, albeit important, part of the whole estate planning process.
For instance, did you know that your superannuation fund is considered as separate to your estate? This means that you actually have to outline who you would like to benefit from it when you pass away.
Other factors to consider are who will look after your children if you should die before they are old enough to take care of themselves, as well as who you want to make decisions on your behalf in the event that you are unable to.
At Craddock Murray Neumann, we can assist you with every step of the estate planning process.
Whether you need help putting together a simple or extremely complex will, our team of estate lawyers are here for you.
Our associates can also assist you with issues such as life or trauma insurance, as well as income protection insurance.
So, take advantage of Will Awareness Day and its associated events, and take some time out to consider your estate planning options