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Sunday, 24 July 2016

Create a will - a small price to pay to give your family certainty

Do you have a will?

Or perhaps the better question is, do you have a will that articulates exactly how you want your estate to be distributed should you pass away?

An article published by news.com.au on 18 July 2016 describes the story of a mother who lost her son whilst he was at work. During the family’s grieving period, it was found that the son did not have a will and that the immediate family had no entitlement to the deceased’s workers’ compensation.

However, there was someone else who did have a claim.

The ACT Magistrates Court awarded the workers compensation in the amount of $200,000 to a lady who proved to the Court that she was a dependent of the deceased.

Whilst the deceased’s family had never heard of the existence of the lady, evidence compelled the Court that she was financially dependent on the deceased. Evidence included that the pair had plans to spend their lives together, they were domestic partners and had been in a relationship for eight months. Contrary evidence was given by the deceased’s landlord and a friend of the deceased to the effect that neither had met or seen the lady before. However, the compensation was solely awarded to the lady.

The family of the deceased will never have any certainty as to how the deceased would have wanted his estate to be distributed. It had probably never crossed any of their minds that they needed to prepare for something so tragic.

Whether you are at the beginning of your working life or in the process of winding down, giving a small amount of time to formalising your intentions is a small price to pay for giving your family certainty as to what your final intentions may be.

In our experience at G&B Lawyers, wills are generally not hard to prepare and can take as little as a few hours when you have clear intentions in your mind.

Should you wish to either create or update your will, contact Nathan Buckley, Partner at G&B Lawyers on 0411 067 367 or by email at nbuckley@gandblawyers.com.au.

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