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Does my will require legal input?

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Grannyto5 View Drop Down
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Joined: 18/January/2018
Location: Australia
Posts: 2
  Quote Grannyto5 Quote  Post ReplyReply Direct Link To This Post Topic: Does my will require legal input?
    Posted: 18/January/2018 at 10:32
Hi. This is my first post. My son has recently divorced. He has business assets. He wants to leave everything to his two school aged sons and will name either his sister or the boys’ mother as executor. He intends to name the boys as sole inheritors in a 50/50 split. He already has a family trust fund set up. Is this a simple will, as in just needs his and a witness to sign or with the substantial assets does he need legal input to draw up the will. Thank you in advance.

citizen-joe View Drop Down
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Joined: 09/October/2005
Location: Australia
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  Quote citizen-joe Quote  Post ReplyReply Direct Link To This Post Posted: 18/January/2018 at 12:44
A couple of hundred dollars spent employing a solicitor now could save thousands later on if there are any difficulties with the will.

citizen181 View Drop Down
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  Quote citizen181 Quote  Post ReplyReply Direct Link To This Post Posted: 18/January/2018 at 16:29
The simple answer is no he doesn't need any legal input, however that would be a very foolish position to take If he has anymore than one or two assets to bequeath things start to get complicated very fast As Joe has stated, spending a few hundred dollars to have a specialist solicitor draw up a will is both money well spent and offers peace of mind for all concerned.

He must also realise that circumstances are going to change, perhaps by not much, perhaps significantly in the time he still has left, be it days, months years or decades.    Wills need to be kept current, relationships change, assets evolve and English can be a bugger when trying to be precise in declaring your intentions. See a solicitor.

And don't forget, if he makes a will, make sure someone knows he did and knows where it is stored.

Grannyto5 View Drop Down
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  Quote Grannyto5 Quote  Post ReplyReply Direct Link To This Post Posted: 18/January/2018 at 18:46
Thank you. I will pass on your advice to him.

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