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helloitsme
Member
- May 14, 2021
- 39
If you are really serious about CTB, have you/do you plan on writing a will?
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interesting. i own an apartment but the mortgage is not fully paid. i worry about the complications that will leave for my family.I don't have sufficient assets for it to be worthwhile. In my case, the laws of intestacy will be sufficient to divide up what I own.
I strongly recommend anyone writing a will either do your research or pay for a lawyer. Wills can be disqualified and disregarded in certain cases of mental illness or even if they're improperly filed or prepared. (Some states allow a handwritten or "holographic" will, even without witnesses, most do not, that sort of thing.
You can go to a notary for thatI would have liked to but it would look suspicious, I would need witnesses to sign it. I have written what I would like to happen to go with my note when it's time
Google free wills, they are just as legal.Tried to, then I realised that I can't afford a will lol
I dont know what the process is for making a will in Australia but ill have to look into it. Ive got a fair bit of money in the bank and i dont want any of my family getting their hands on it once I ctb.
Thanks a lot for this information. I had some similar queries regarding wills in Australia. I look to avoid the part about everything passing on to "next of kin", so I'll probably opt for the alternative method.It probably varies by state, but a will needs to be legally watertight to avoid being contested. At least in Vic, everything goes to next of kin (parents, children, whatever) by default if there is no will. To avoid this, it would be worth paying $700 or whatever for a basic Slater and Gordon (or similar) will. I think it can be done online.
So if I make a will with Slater and Gordon online it can't be contested by my family?It probably varies by state, but a will needs to be legally watertight to avoid being contested. At least in Vic, everything goes to next of kin (parents, children, whatever) by default if there is no will. To avoid this, it would be worth paying $700 or whatever for a basic Slater and Gordon (or similar) will. I think it can be done online.
Similar situation here. Not sure if it's the same in your area, but in Australia the debts do get passed on to whomever the estate goes to. I've got enough superannuation that it would cover the remainder, so I've drawn up a document with instructions saying as much. Alternatively, the recipient may need to maintain mortgage repayments (perhaps letting a tenant rent the apartment and cover those costs) or they could sell it and keep the net returns.interesting. i own an apartment but the mortgage is not fully paid. i worry about the complications that will leave for my family.
I'm not an expert and I haven't actually gone through the process, but I would say that it would be vastly harder to contest it if it has been drafted by professionals. Law firms are also in the business of helping people who want to contest wills, so they win either way!So if I make a will with Slater and Gordon online it can't be contested by my family?
A will goes far beyond your belongings but also what to do with your body and how to handle the issues that arise after in your absence, I would recommend one. My partner didn't leave so much as a not and the amount of stress and anguish that's put on everyone could've been avoidedI own shit!! So no, I haven't. I don't need one![]()
A small note on the "... what to do with your body ..."A will goes far beyond your belongings but also what to do with your body and how to handle the issues that arise after in your absence, I would recommend one. My partner didn't leave so much as a not and the amount of stress and anguish that's put on everyone could've been avoided
Pretty much same case here. Nothing of value to give out in a will.I don't have sufficient assets for it to be worthwhile. In my case, the laws of intestacy will be sufficient to divide up what I own.
I strongly recommend anyone writing a will either do your research or pay for a lawyer. Wills can be disqualified and disregarded in certain cases of mental illness or even if they're improperly filed or prepared. (Some states allow a handwritten or "holographic" will, even without witnesses, most do not, that sort of thing.