Do you have a blended family? Here is why a carefully prepared Will is a must!

Do you have a blended family and do not have a current Will? Here is your reminder to ensure you have one in place!

Why? Because Estate Disputes are so common when it comes to blended families!

You may be thinking “this won’t happen to me” but you will be surprised at what can happen after the passing of someone.

Whilst your intentions may be clear, without a carefully prepared Will, the Law decides how your assets will be distributed. Blended families often involve second marriages, children, step-children, separate assets, combined assets and a door wide open for disputes down the track.

This is why vague or DIY wills commonly lead to estate disputes, delays, and your assets being distributed in a different way than you wished. Every blended family is different and your Will should carefully reflect your families circumstances.

A well drafted Will:

• Will protect your partner while still preserving your children’s inheritance

• Clearly account for your children and stepchildren as you wish

• Prevent conflict between family members

• Reflect your unique family structure and long-term wishes

What are the consequences of not having a carefully drafted Will in place?

• The law interprets how children and step-children are accounted for. This may not be how you wished for your Estate to be distributed

• Children or step-children or your spouse may dispute or make a claim against your Estate, incurring large legal fees which may quickly deplete your Estate, minimising the amount you intended to leave to your loved ones

• Conflict can arise between your family members if your Estate is distributed in accordance with the Law and not your wishes, leaving your family in emotional turmoil

  How can we help?

  We take the time to go through a thorough and comprehensive Estate Planning “Health Check” to help us understand your unique situation, what your wishes are and then provide advice to you on the best strategies to ensure your wishes are fulfilled.

  We then prepare your Will in accordance with your instructions and wishes so that you can have peace of mind that your family and your hard earned assets are all protected.

Contact our friendly team today to see how we can assist!