Making a Will in Perth
A VALID WILL IS THE FIRST STEP
It is important that everyone has a valid Will. Curiously, this is something many people put off doing. Some simply buy a Will kit. Others go to a trustee company and get them to write the Will. Another alternative is to get outside professional advice from a specialist and appoint a family member as executor.
What is best for you?
A WILL KIT
Doing it this way is OK – but make sure you get it right. There is a fair chance you could overlook some things you never thought of, or use misleading words or phrases resulting in unintended consequences.
A TRUSTEE COMPANY
Often they will write a Will free of charge on the condition you appoint them as executor.
In this case, substantial commissions or fees could be levied against your estate. (Remember, there’s no such thing as a free lunch).
WHAT ARE THE ALTERNATIVES?
A valid option is to appoint your spouse, partner, a trusted friend or relative as your executor.
If you do this, your executor can then seek help from someone who has detailed knowledge of the issues required to assist in settling family disputes and other matters that often arise when the question of inheritance is being decided.
It’s like giving your executor a professional coach. Fees are usually much less than a trustee company would charge. They are a set price and not based on a percentage of the total estate.