Hi everyone, we have 4 children and are a bit confused!!
Can anybody tell me is our will valid in Australia or do we need to do a new 1?
My OH tells me its valid but god forbid anything happens i want to make sure everything is covered.
Originally Posted by vikkiann
I have been advised in the past that to make sure everything is watertight it is best to have a Will drawn up in the country that you are residing in,
When I made a will here last year - I do remember reading in the smallprint that, as Guzzler said, if you move elsewhere to make a new will that will be valid for your location at that time - wherever that may be. So when we move will make another one to be on the safe side.
Hope that helps,
I had the same question last week and we was aslo told by Montfort International,
that we would have to renew our wills when we finally arrive in Adelaide.
Many thanks for your replies.
Can i use our will writing company here in the UK or would it be better to use an Australian company?
We drew up a will here in Australia.Then it does relate to your situation back here.
It's legal here then - but can relate to reliies in the UK.
You can buy a Do It Yourself kit off the Post Office shelf if need be.
We used a very doddery old solicitor here:D
Anyone know what the Post Office wills cost?
I found this one online as well:
Also, public trustee will do your will for free, but you must name them as executor which means they may get a cut when you pass away.
"Public Trustee will do a will for free provided Public Trustee is named
as Executor. In regards to the administration of an estate pursuant to
a will in which Public Trustee are the Executor, if assets are held
jointly and one of the joint owners dies then there are no
administration fees to pay as there is usually no need for formal
Once the second joint owner dies the fee structure to administer the
estate is as follows:
4.4% from $5,000 - $100,000
$100,000 - $200,000 - $4,400 plus 3.3% for every dollar above $100,000
$200,000 - $400,000 - $7,700 plus 2.2% fro every dollar above $200,000
$400,000 plus - $12,000 plus 1.1% for every dollar above $400,000
There are no living wills in South Australia. There is a document known
as an Enduring Power of Attorney (EPA) which is a document that enables
you to nominate somebody of your choice to manage your financial and
legal affairs in the event you are unable to do so yourself during your
lifetime. An EPA ceased to operate on the date of death. Public
Trustee charge a fee of $125.00 (in total) to prepare an EPA for married
couples provided Public Trustee is named as your Power of Attorney.
Alternatively, you could name your husband as your attorney and Public
Trustee as substitute Attorney and the cost would be $162.00 (in total)
for a couple to do this.
If Public Trustee acts as your Attorney then the above fee structure
Last edited by suzer; 17-03-2008 at 04:49 AM.
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