Everyone drafts a will to ensure that their assets are disposed
of in a particular manner following their death. Many people think
they can achieve this, as well as save time and money, by using a
Will Kit. In some instances they are right. In many more instances
they are very wrong.
What happens if you do not execute the will properly? What
happens if your wording creates an outcome completely different to
what you intended? What happens if you are being put under pressure
by certain members of your family when filling out the Will Kit?
What happens if one of your family, at a much later date, suggests
that you lacked capacity when preparing the will? Lawyers have the
ability to limit the prospect of your will being challenged,
ineffective or incomplete in such circumstances. A Will Kit does
Further, Wills Kits cannot give you advice particular to your
assets and unique family circumstances. They cannot comprehensively
warn you of the risks your estate may face should a Family
Provision Act claim be made, nor offer any advice on how best
to manage your estate to limit the chance of such a claim. Nor can
a Will Kit advise you of matters relevant to your succession
planning generally, such as tax advice or the pros and cons of
transferring ownership of certain assets before you
Kott Gunning's Wills, Estates and Trust Services team can
assist you with all your succession planning needs, including
drafting your will. We also offer (for free) the use of our
'Will Bank' so that your will can be safely and securely
stored until such time as your executor needs it.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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There are several requirements that must be completed by an executor before the distribution of assets to beneficiaries.
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