Many people plan for retirement but only a fraction of people are planning ahead for future generations. Estate planning is an important step to ensuring that your loved ones are cared for and secure when the inevitable happens.
Probate is the process in which your Will is administered according to your wishes. The Court appoints a Personal Representative to take action on your behalf, and allows them to access and distribute your assets and bequests in accordance with your Will.
If you die Intestate (without a Will), any assets that form your estate will be distributed in accordance with the laws of Intestacy. There are specific rules the Court will follow, including who has the right to apply as the Personal Representative and who is to receive a share of your estate. Without adequate estate planning, your assets will be distributed in accordance with legislation and not necessarily in the manner you had intended.
A Will ensures that your wishes are known after your death with respect to personal belongings, real property and money. By having a Will prepared, you are ensuring that what you've worked hard to secure will be protected for generations to come.