Frequently Asked Questions
My Legal Will
Here's what you need to know
If you don’t have a Will, you may end up leaving your loved ones in a state of confusion and incurring unnecessary costs related to the distribution of your assets. It doesn’t matter how old you are, a Will is worth putting into place and our My legal will platform makes it easy to create one. You also risk your assets being left to individuals in your family who you may not have chosen as recipients.
If you die without having prepared a Will, then your property and assets will be distributed according to the laws of intestacy. This means that your assets may not go to the people that you want them to.
For example, most spousal couples choose to leave everything to their partner and then the last surviving partner will leave the assets to any children you and your partner have. However, if you die without a Will, your partner may not receive your entire estate. Under the laws of intestacy, your partner will receive the first $100,000 of your estate and one-third of everything after that. The rest of the estate is then distributed to your children.
Not only that, but you will have no control over who gets specific items. You may have sentimental belongings that you want that you want to leave to particular people after you pass away. Having a written Will is the only way to guarantee that people will receive the items you want them to.
You can access your Will at any time to update and make changes by simply logging into your account at www.mcdonaldlegal.com.au
Why Wait Any Longer?
CREATE YOUR WILL ONLINE
Don’t put it off — plan your estate now and take the pressure off your family in the future.
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If you prefer to speak or meet with a lawyer about your circumstances and estate, please contact us