Using A Standard Will

When Was The Last Time You Had Your Will Reviewed?

If a death event occurs and you do not have a valid Will in place, then your property and personal affairs will be dictated and controlled by government rules known as the Rules of Intestacy. Essentially the people that you think may inherit your property, or whom you want to gift property to, may not be the actual ones who receive it. To find out more information about the rules of intestacy what it means to die intestate, click here.

The majority of clients that we speak to, have basic or simple Wills in place and 9 times of 10, these will are not adequate to protect them based on their current circumstances.

For most individuals, their life has changed significantly compared to when they first wrote their Will, and unfortunately the Will, especially if it's a simple Will, does not solve the problem any further which will cause distress and potentially massive financial losses without the correct advice.

Using a Standard Will

What Are The Potential Risks You and Your Family Face By Having a Using a Standard Will?

If You died yesterday, are you confident your basic Will is enough to support your current family situation.

Who Will Look After Your Children?

Who will look after your children with the same love, care and attention that you give them. Without nominating the best person, your children could suffer a double blow of pain and heartache

Care

We do not support the deliberate deprivation of assets for the purpose of funding for care. However, we do support the fact the if care is required, your loved ones should get the best support available. Do you want to have a say how your spouse is cared for if required or leave it in the hands of a third party who could care less?

Divorce!

If your children marry and subsequently divorce, your hard earned assets that you would have expected to pass to your children and grand children may not pass to them at all, or perhaps your wealth and assets get's passed to another family all because of a failure to plan and mitigate family risk.

Creditors or Bankruptcy

With a simple will, assets are not protected for the next generation they way you think.
If your children run into financial difficulty with creditors or worse, bankruptcy, the inherited estate will be affected and potentially lost altogether. Is this what you want?

Vulnerable Beneficiaries

If you have children or loved ones that are considered vulnerable or disabled, a basic will does not allow for the complexities that can arise with providing adequate care and support neither does it take advantage of any tax relief reserved for vulnerable beneficiaries.

Sideways Disinheritance

Due to poor planning or no planning, the inheritance that you expected to go to your loved ones ends up being directed to someone else, disinheriting the ones you truly love. Even worse, you have no voice to correct the matter.

Other Factors Why You Should Consider Reviewing Your Basic Will?

See what our clients have to say…

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[ONCE Wills and Trusts] Service has given me peace of mind for the future

Sonia
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[ONCE Wills and Trusts] spent the majority of [their] time listening our needs and wishes…and also what we could and could not do within the trust.
Selvin & Jennifer
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Your information was clear and answered the specific things I was asking for based on my current level of understanding
Michael O

What Type of Will Do You Need To Protect Your Family?

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