It’s not uncommon to take the view that paying a Solicitor to write a Will for you is not a particularly important expense – particularly when you are on a limited budget. It makes sense really – a Will only comes into effect on death and once you are no longer here to deal with your estate, does it really matter? Why should I spend my money on something that won’t ultimately impact me? After all, there are cheap Will kits you can get from the newsagent or you can do some research online and come up with your own Will, right? You can do it when you are older and have more money.
Of course you can. But beware; as with most things, you get what you pay for. A professionally prepared Will and estate plan has countless benefits. It is common with Wills that any problems with it are not discovered until the time comes to administer the Will. It really does pay to plan ahead.
The challenges faced by family and friends who are required to administer homemade or poorly drafted Wills are real and costly to your estate. You might be surprised at the amount of money involved in sorting out very minor issues with Wills that have not been professionally prepared. Laws surrounding what constitutes a valid Will are very strict and non-compliance can result in your estate being burdened with thousands of dollars in legal fees and court costs. Small grammatical or drafting errors can turn into significant problems that you would have never seen coming.
When family and friends are grieving the loss of a loved one, the last thing they want to do is sort out complex legal issues involving a Will. Having a properly prepared Will can give your family and friends peace of mind and streamline the estate administration process so that it can be resolved in a timely and straightforward manner. For a small upfront cost, you get specialised legal advice and a Will suited to your individual circumstances.
McNamara & Associates have expert lawyers in Ipswich who are pleased to help with all of your estate planning needs. Our Ipswich and Springfield Offices offer simple Wills and Powers of Attorney for $350.00 including GST or $500.00 including GST if you book in to have both documents prepared.