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Sample Wills |
A SAMPLE WILL WHICH A SINGLE PERSON MIGHT USE TO LEAVE ASSETS TO PARENTS EQUALLY, BUT TO THE SURVIVOR IF ONLY ONE PARENT IS ALIVE, BUT IF NO PARENTS HAVE SURVIVED (& IF YOU STILL HAVE NOT MARRIED - OR HAVE ANY CHILDREN BY THE TIME YOU DIE) THEN TO SIBLINGS (YOUR BROTHERS & SISTERS) EQUALLY COULD BE AS: CLICK HERE (Microsoft Word Document)
A SAMPLE WILL WHICH A MARRIED PERSON MIGHT USE TO LEAVE ASSETS TO SPOUSE, OR TO CHILDREN EQUALLY IF SPOUSE HAS DIED, BUT GRANDCHILDREN OF ANY CHILD WHO HAS DIED BEFORE BOTH SPOUSES SHALL TAKE BETWEEN THEM THE SHARE OF THE CHILD WHO HAS DIED COULD BE AS: CLICK HERE (Microsoft Word Document)
BUT YOU ARE WARNED TO ONLY USE THIS TO CONSIDER WHAT YOU MIGHT WANT FOR YOURSELF AND CONTACT WILL MAKERS BY EMAIL TO HAVE SOME COMMENTS. YOU MAY DRAFT YOUR OWN AND EMAIL FOR OUR COMMENTS WHAT YOU SHOULD DO NEXT – BU T DO NOT SIGN BECAUSE OF THE LAW RELATING TO THE VALIDITY OF WILLS.
Other clauses almost always go in a Will for couples and spouses and some examples are seen in SAMPLE 2
See in Sample 2 the subparagraphs (d) and (e) and one usually needs to have some more
information to consider what other clauses suit their needs.
e.g. if the couple has any children under the age of 21 years then sometimes one desires to permit any of them who are unmarried to have the use of the family residence – say – until 21 years – or until married (but not forever) [usually with that person paying the rates taxes insurance premiums and other out-goings payable in respect of the house – but not ALWAYS - and sometimes rent-free and sometimes paying rent. So further information is needed as to what established wording is to be chosen from many variations according to one’s own decision.
e.g. if there is any property in the estate being rented at death then often one should include the power to generally manage the renting and repairs and any tenants’ payments and including insurances etc the actual wording should be more detailed than the above short description.
Other needs often apply to where the person has a business (sole proprietorship, partnership or company – or Family Trust) And whether any land is farming land or is used for a business And in the above cases, whether any land is owned as tenants in common, partnership or solely owned or – as usual in an average case – owned jointly as joint tenants by a couple.
Putting a “foot wrong” here COULD cause an estate to take 1-2 years instead of 2-4 months to finalise.
Contact Peter Pearce at WILL MAKERS PTY. LTD. & C.A.B.S. Inc. Ph. 8322 2778
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