Do I need to change my Will?

Every person over 18 should have a Will and a general rule of thumb is that the Will should be reviewed at least once every five years. The Will should be reviewed regardless of the length of time, under particular circumstances such as:

Marriage

A marriage automatically revokes an existing Will unless that previous Will had a special provision in it that the Will was made (in contemplation of marriage).

Separation

As separation has no effect on an existing Will, we advise our clients to consider changing their provisions.

Divorce

A divorced spouse is not entitled to any benefits from a former partner's Will. Again therefore a new Will should be made.

Change of Executor

If you have appointed a co-trustee or advisory trustee who dies or cannot act because of illness or age, you will need to amend your Will.

Change of Beneficiary

If a beneficiary dies or you want to make changes to the existing beneficiaries you will need to amend your Will.

Change of Property

If you have specifically bequeathed any property or other assets which you subsequently sell or dispose of you should also alter your Will.

Cost

A simple Will costs about $70.00 plus GST but can be money wisely spent and save both costs and delays later for your family. The key to a good Will is flexibility. 

Check your Will details against the Glaister Ennor Simple Will Instruction Form for a single person here or for a couple here.

The information on this web site is of a general nature only. Readers are advised to establish the applicability of information in relation to specific circumstances and not to rely solely on the information provided here.