Drafting a Will is crucial to ensure your wishes are clearly communicated and implemented after your death. It details the care of dependents, the management of financial affairs, and minimises the financial burden on your loved ones by avoiding unnecessary costs and taxes.

A properly drafted Will clearly outlines the distribution of your estate, reducing the likelihood of disputes among family members by providing clear instructions on your wishes.

Primary considerations include the desired distribution of your estate. Secondary factors involve reducing estate duty, ensuring efficient estate administration, and protecting assets from creditors.

If you have Trust deeds, they should align with your Will to accurately reflect your intentions, ensuring a cohesive estate plan.

Before finalising your Will, it’s important to review the estate’s liquidity (cash available), its sufficiency to cover taxes, costs, and intended distributions, and how your wishes impact beneficiary nominations on policies and retirement funds.

Consulting with a professional to draft your Will can ensure it is comprehensive, legally sound, and reflective of your intentions, addressing all necessary considerations for a smooth estate administration.