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The Importance of Having a Valid Will

Tuesday, April 26th, 2016

1. You control the choice of persons who administer your Estate.

2. You control how your assets will be distributed upon your death and thereby, as far as possible, avoid a distribution according to the laws of intestacy.

3. The control over the distribution of your assets is far more important if you are in a de facto relationship, which currently receives no recognition under the laws of Western Australia.

4. Any prior Will that you may have is not invalidated by divorce and it is therefore important that a new Will be drafted to reflect your current situation.

5. If you have children under the age of 18 years, you decide who is to be appointed as the guardian.

6. You can give directions on the disposition of your body and on organ donation.

7. The administration of an estate where there is a valid Will covering all assets is generally faster and less costly than the administration of an estate without a valid Will.

Anton Hugh Puzey BA LLB

Barrister & Solicitor

In association with

Alison & Associates (Legal) Pty Ltd.

Email: [email protected]

Author: Lynne Cox

She is a Mortgage Broker and holds an Australian Credit Licence # 365386. She has been involved in the Mortgage Broking Industry since May 1996 but has been involved in small business since 1977. Lynne is a licensed finance broker. She was the President of the Finance Brokers Association of Australia until March 2004 where she is now a Life Member, and she was also a Member of the Finance Brokers Supervisory Board until it disbanded in October 2003.