Some people might say those only those with substantial assets should make a Will, but we suggest that you make your first will as soon as you are eligible, irrespective of your assets. An eligible Will maker must simply:
- be over the age of 18 years old;
- not be under duress or subject to coercion; and
- be mentally capable at the time of making and signing the will and understand its nature and effect.
You should also consider making a Will if you marry or enter a de facto relationship, if you buy a house, if you have children or if you come into an inheritance, receive unexpected money, or have any significant life change.
MORGAN COUZENS LEGAL
If you would like to know more about Wills, please read the following blogs:
Answering the most common myth about Wills – “I don’t have enough to make a Will”
