I recently had a situation where I was assisting both the purchaser and the vendor of a property. Sadly, the vendor of the property passed away during the sale and she did not have a Will in place. As a result, the property settlement had to go through the court system, and it caused a delay of 12 months for the property to settle. This highlights the importance of having a Wll in place. During the twelve-month delay, the customer and I had to re-apply for finance three times. During this time there was interest rate increases and borrowing capacity reduction to combat.
We asked our panel solicitor Daniel Essey to share his thoughts on the importance of a Will.
“Why is this important for you to have a will? It is essential to make a Will if you are concerned about who will receive your assets and belongings after you die and who will administer your affairs in the manner you see fit. Therefore, it is important to ensure that you update your Will whenever there are changes in your family circumstances or when you make changes to your property portfolio.”
If you need a Will prepared, I recommend you contact Daniel Essey from Essey legal. He has assisted many of my clients over the years and they have been very happy with his service. Wills prepared by Essey Legal are based on a fixed fee system and start from $200.00 + GST.
Essey Legal Pty Ltd
Suite 4, Level 1, 410 Church Street, North Parramatta NSW 2151
Tel: (02) 98908760 | daniel@esseylegal.