Quick guide
Selecting the starting point for the appropriate Will for
you.
| Basic |
|
Nuclear family of a spouse and children or just children. You
wish to leave your estate to your spouse if they survive you; if
not, to your children in equal shares. |
| Basic
Plus |
|
Same as for "Basic" option with alternatives for: disposal
of body, substitute executor, extended powers for executor,
specific gifts, alternate gift of residue, appointment of
guardian. |
| Standard |
|
The interview addresses all of your circumstances and the
resulting Will is tailored to your requirements. |
| Standard
Plus |
|
As for "Standard" option and deals with the
situation where you own a business or have interests in
associated entities such as family companies or trusts. |
| Mutual
Wills |
|
The "Standard" or "Standard Plus" options with the Wills
for husband and wife being mutual Wills with a contract
between husband and wife to maintain the Wills in those terms. |
From these starting points, with an analysis of your
financial situation and a degree of Estate Planning, there are
further options of:
|
Tax
Effective
Will
|
|
Where there are children, grandchildren etc under the age
of 18 years and beneficiaries are likely to receive $200,000 or
more, a "Tax Effective Will" may be appropriate and advice should
be sought.
The Tax Effective Will requires consideration of your financial
situation and can be added to the above options. |
| Will with full Testamentary Trust |
|
A Will with one or more full discretionary trusts can be added
to all of the above options if your financial and/or family
circumstances make it appropriate.
|