DRAFTING OF WILLS
“Avoid unintended consequences”
We work with admitted attorneys to prepare Wills to ensure your wishes are clearly implemented upon your death. A well-crafted Will specifies how your dependents are cared for and how your assets are managed. It’s essential to have your Will drafted by an attorney, with Mella Fiduciary supporting you in the preparation and review process to avoid overburdening your loved ones with costs and taxes and to prevent potential conflicts among family members.
When deciding on the contents of your Will, your primary focus should be on distributing your estate according to your desires. Secondary considerations include managing estate duty, minimising costs, ensuring smooth administration, and protecting assets from creditors and mismanagement.
If Trust deeds are involved, they must align with your Will to accurately reflect your intentions. Ambiguities cannot be resolved after your death.
Before finalising your Will, our role is to review the practical aspects of settling your estate with you and coordinate with attorneys who will draft and execute the document, we will review the practical aspects of settling your estate with you.
This includes:
Ensuring sufficient funds for taxes, costs, and distribution
Assessing the estate’s cash flow
Considering the impact on beneficiary nominations for policies and retirement funds