May 2006

Having an Effective Will

Our recent successful client presentation “Taking Good Care of Your Family” highlighted that some think that making a Will is a form-filling exercise – it is NOT.

Careful thought must be given to the terms of your Will and careful drafting is required to make those terms effective. More than ever before, consideration must be given to not only immediate family members challenging your Will (after your death) under the Family Protection Act but also your spouse being able to claim under the Property (Relationships) Act (after your death) as well.

Having a Will is still more beneficial than having no Will at all. But, careful thought as to your circumstances and careful drafting are essential to make your Will effective.