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It is important to consider what should happen to your property or the proceeds of your property in the event of your death. A will is a vital document that regulates the succession of your estate. It takes effect in the event of your death and dictates what happens to your property or the proceeds of your property along with other assets in your estate. Among other things, it ensures all potential risks are mitigated, your estate is distributed to the correct beneficiaries and tax liabilities are minimised.
If you die without a will, it is likely that there will be additional costs incurred by your family and loved ones. Typically, these include the costs to petition the court to appoint an executor to administer your estate and to obtain a special insurance product known as a bond of caution. Considering the implications that arise if you die without a will, either during or after your property transaction, we advise all clients to prepare a will as part of this process.
Once you have submitted this form, you will receive an email from our private client department. If you have not prepared a will you will receive a link to provide your will instructions using our online will questionnaire. Alternatively, you will receive information about reviewing your existing will and succession planning arrangements with a member of our team.