40% of us don't have one - Are you one of them?
We all know that a Will is one of the most important documents we’ll ever need so why is it that only 59% of us have one? And if you do have one, why do a number of people acknowledge that it hasn’t been updated in many years and doesn’t really reflect their current situation?
So while we may think about [material things] family and thanksgiving at Christmas, it’s also a good time to think about your Will as no one thinks its going to happen to them (and we trust it won’t!) but the unthinkable sometimes happens when we least expect it!
If that’s not enough to get your attention here are some reasons you should have a will....
1. Your children – to appoint guardians for your children under 18 you must have a Will and to set conditions on when your children can take the benefit from your estate, especially if you wish them to be older than 18.
2. You get to choose who gets what– if you die without a will, the people you want to inherit may not and a “one size fits all” bit of legislation will apply (which doesn’t suit anyone that well).
3. Reduce costs – with a valid Will the administration of your state should be more straightforward and efficient
4. Your Funeral – you are able to appoint a person who can follow your instructions regarding whether you would like to be buried or cremated as well as other details regarding your funeral. This will help your loved ones make decisions for you at a very difficult time.
5. Structures - to leave control of your structures (especially trusts) to a person you trust and/or create structures which may be of significant advantage to your beneficiaries.
6. Protect your family’s future and give yourself and your loved one’s peace of mind by organising your Will today.
Call our office today to speak with one of our experienced estate lawyers.
COVID -19 Lease Legislation Summary
RETAIL SHOP LEASES AND OTHER COMMERCIAL LEASES (COVID-19 EMERGENCY RESPONSE) REGULATION 2020 (QLD)2020 - SUMMARY OF LEGISLATION Initial Comments On 28 May 2020, the Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (Qld) (“the Regulation”) was introduced into Queensland law. Taking a few weeks longer than anticipated, the Regulation went beyond what was expected, or at least what was noted by the Mandatory Code of Conduct. The Regulation has a very tenant favoured basis, and grants some significant powers, even going as far to provide avenues for landlords and tenants to be ordered to pay compensation by the Queensland Civil and Administrative Tribunal (“QCAT”) if their conduct during the COVID-19 pandemic in negotiating rent is deemed unconscionable or is not in good faith.View All News