Why do you need a Will?

Your Will is a very powerful document that takes effect after you die.

It controls ALL your hard-earned assets accumulated over your lifetime.

It ensures that your family is properly taken care of after you die.

In fact, your Will is the most important document you will ever sign!!!

Can I just make a simple Will?

Notwithstanding how important a Will is, it is astounding how many people have no Will, or just have a “simple” Will from a non-specialist lawyer, or even used a cheap “do it yourself” kit bought from a newsagent or online.

Considering that people spend many thousands of dollars during their lifetime in the course of accumulating their wealth, including obtaining legal and taxation advice, paying legal fees and stamp duty and other taxes to acquire and hold real estate, etc, this approach is simply staggering!

Why a “Cheap” or “Simple” Will may be the Most Expensive Mistake You Will Ever Make!

A cheap “do-it-yourself” Will or a “simple” Will from a non-specialist lawyer has huge disadvantages, such as:

• If your Will leaves everything to your surviving spouse and they get re-married and later get divorced, all of your hard-earned assets may be lost to their ex-spouse!
• If you are married and in business or a profession and you carefully put all your assets in the name of your non-working spouse to protect them from a claim against you, then if your spouse dies before you do, their “simple” Will puts all those assets straight back into YOUR name personally – and may be lost in the event of a successful claim against you!
• By giving your assets directly into the names of your beneficiaries, they will be taxed on any income earned at their marginal tax rates of up to 45% – and lose special tax concessions that could have saved them many thousands of dollars in tax – EVERY YEAR for up to EIGHTY YEARS after your death!

What Makes A WillWorks^® SmartWill™ Different?

By contrast, a WillWorks^® SmartWill™ with specially tailored Testamentary Trusts can help you preserve, protect and pass on your hard-earned wealth to your future generations in order to:

• Keep control of your wealth within your own family;
• Protect your family’s inheritances from lawsuits and divorce;
• Ensure that your children with special needs will be properly cared for;
• Look after your second spouse whilst preserving the inheritances of your children with your first spouse; and
• Enable your family to legally save thousands of dollars of tax – EVERY YEAR for up to EIGHTY YEARS after your death! (or even longer in Qld and SA).

Now that’s smart!

For more information about how a WillWorks^® SmartWill™ can benefit you, please contact us to discuss your needs.

Back to Our Services.