Writing a Will

At Shipton & Associates, we believe that preparing for your future should be empowering, not daunting. Writing a Will is your chance to take control of your legacy, ensuring your wishes are documented and your loved ones are provided for. We embrace the present to secure the future, offering modern and comprehensive estate planning solutions tailored to your unique circumstances. 

What is a Will and why writing one matters

A will is a legal document that sets out what you would like to happen to your assets when you pass away. It can also include directions such as who you would like to appoint as the guardian of your minor children, and directions as to burial or cremation. It serves as a blueprint for the distribution of your assets and personal belongings, offering clarity and certainty to your loved ones during a challenging time. Through a Will, you can appoint trusted individuals to act as your executors, ensuring that your affairs are managed in accordance with your instructions. 

Whether you have a vast estate or modest possessions, a Will is a vital tool that transcends age, wealth and family structure. 

A larger number of people in Australia pass away each year without a valid Will. Crafting a comprehensive Will need not be complex or costly, yet its absence can lead to unnecessary grief, expenses, and the possible misdirection of assets. To safeguard your assets and loved ones, having a Will is essential – especially if you have a family or dependents. 

Dying without a Will leads to more complicated, time-consuming legal procedures, causing additional stress and financial burden on your family. The law’s predefined formula may not distribute your assets in the way you desire. 

The Power of Choice

In crafting your Will, you have the choice as to how your assets are distributed according to your wishes. However, it is crucial to understand the expectations required by law to prioritise provision for spouses, de facto partners, children and certain dependents. Neglecting this responsibility may lead to a ‘family provision application’ against your estate, which can challenge the intended distribution of your assets. Whilst such applications cannot be prevented, our team can guide you in minimising the risk and navigating these responsibilities. 

Why seek professional guidance

Your Will is one of the most crucial legal documents you’ll ever create. Writing your own Will, without skilled processional advice, can lead to unclear terms, improper drafting, inadequate signatures or even unwanted tax liabilities. All issues that can be avoided by seeking the correct professional guidance to ensure your peace of mind.