Have you got a legal will and your affairs in order?

Here is a story that will either make you feel very comfortable because you have a legal will and your affairs in order, or if not, I hope it will shock you into action! (I’ve changed the names for privacy reasons).

Frank was getting older and was single due to a divorce. He decided to help his son Bill get into his first house by going guarantor for a loan. To get the bank on side, Frank’s name was added to the title as a ‘tenant in common’ (a joint owner).

That all seemed OK at the time.

Frank subsequently remarried.

At a family barbecue last Christmas Frank suggested to Bill that it might be time to sort out the situation with the house loan and title but Bill shrugged it off as something they could do later.

Frank had a heart attack and died early this year.

When Frank’s Will was read it was discovered that he had not had professional advice when preparing that Will. He had just done a simple ‘kit’ will and left everything to his new wife. This meant that Bill’s house was now part owned by his deceased father’s wife, a woman he had no time for.

It’s almost the year since Frank offered to sort out the paperwork and Bill is still fighting for the ownership of his house. It’s not going well!

If you have your Will in order you would be shaking your head right now wondering why this did not have a different ending.

If you do not have a legal will or you have some ‘iffy’ agreements that need sorting out you should just be shaking all over!

Do something about it ASAP!

If you’re like most people and you’ve been putting it off even though you know you need a Will and you’ve been meaning to do it for a while do something about it.

Yep, we all get busy and we have good intentions trying to make the time to see a lawyer but it just ends up in the “too hard basket”. Add the expense of seeing a Lawyer and that makes it even less likely to happen.

You may have noticed there are a range of on-line Legal Will services that have recently cropped up. That would be better than having no Will at all, but you really want to make sure you do the job properly (unlike Frank).

I have recently found out about Legal Essentials, a service that offers people the best of both worlds when it comes to Wills. Their ‘Wills Express’ service lets you complete all of your details online, saving you from having to meet with a lawyer personally and taking up expensive time on basic decisions you can make in the comfort of your own home, but instead of just blindly spitting out a form and hoping for the best, they then contact you to make sure you have come up with a valid, appropriate Will that will achieve what you want so you can be confident you got it right.

It’s better than just doing it yourself and hoping for the best and it’s cheaper than going to the lawyers office to do the entire thing.

All of the convenience and re-assurance that you did it right, but at a lower price. And… you can do it this week-end, no need to put it off any longer.

Take a look at www.legalessentials.com.au/wills-express.html

That’s all for now…