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AUSTRALIA
SINGLE WILL
A will for a single person is a legal document that outlines how that person’s assets and estate should be distributed upon their death. Here’s a detailed description of its key components and purpose:
Purpose:
Asset Distribution: Specifies who will receive the deceased’s assets, such as property, money, and personal belongings.
Estate Management: Appoints individuals to handle the estate’s affairs, ensuring that wishes are carried out according to the deceased’s intentions.
Legal Clarity: Provides a clear, legally binding statement of the deceased’s wishes, which helps to avoid disputes and complications.
SINGLE WILL TEMPLATE
A Will for a Single Person will include:
Personal Information
Distribution of Assets
Guardianship:
Debt and Tax Provisions:
Signatures and Witnesses
Benefits:
Control: Allows a single person to decide how their assets will be handled after their death.
Avoids Intestacy: Prevents the estate from being distributed according to state or national laws (intestacy laws) if there is no will.
Prevents Disputes: Reduces the likelihood of family disputes by clearly outlining the deceased’s wishes.
A will for a single person is an essential document for managing one’s estate, ensuring that personal wishes are honored and that the estate is administered smoothly.
Will for Single Person contains all the essentials including:
revocation of prior wills
death, survival of beneficiary
appointment of executors and trustees
order of payment of Estate
pecuniary legacies (cash amounts)
gift of residue of Estate
gift to children and grandchildren
any parts that are not needed can be deleted
powers of trustees
execution clause
INCLUDES GST
Included Free With Purchase
Will Checklist
Will Signing Instructions
Will signing instructions refer to the specific guidelines and steps that must be followed when signing a will to ensure that it is legally valid and enforceable.
Legal Drafting Booklet
Our legal drafting booklet to guide you through the necessary steps in editing your documents
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Established since 2015, Precedents Online leads the industry with a diverse collection of over 300 legal templates. Our legal documents, meticulously crafted by practicing Solicitors and renowned legal authors, provide you with the precise solutions you seek. Step into a world where legal paperwork is made easy .
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