In New South Wales (NSW), a ‘Will’ is a legal document that
sets out how your assets will be distributed after your death. If you are
planning to create or update your will in NSW, there are a few things you
should know.
1. Who can make a will in NSW:
Any person who is 18 years of age or older and
of sound mind can make a will in NSW.
2. What can be included in a will:
You can use a will to distribute
your assets, appoint an executor to manage your estate, and make other
provisions, such as guardianship for minor children. It’s important to note
that certain assets, such as joint bank accounts or property held in a trust,
may not be covered by your will.
3. How to make a valid will in
NSW:
To make a valid will in NSW, you
must sign the document in the presence of two witnesses who are not
beneficiaries under your will. The witnesses must also sign the will in your
presence.
4. Updating a will in NSW:
It’s important to review and update
your will periodically, especially if there are changes in your family or financial
circumstances.
5. Seeking legal advice:
It’s a good idea to seek legal
advice when creating or updating your will in NSW. A lawyer can help you
understand your options and ensure that your will meets the legal requirements.
Overall, creating a will is an important step in ensuring
that your assets are distributed according to your wishes after your death. By
working with a lawyer and following the legal requirements in NSW, you can
create a Will that reflects your wishes and provides peace of mind for you and
your loved ones.
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It is very important that you speak with a lawyer so that you can
get the appropriate legal advice which you require prior to going to court.
Our
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your questions, so be sure to contact Nicopoulos Sabbagh Lawyers.
*This article correctly reflects the Laws of NSW as at 24th May 2023.
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