Quote:
Originally Posted by Yellow_Festiva
Exactly.
At one of my jobs I help out a dear old man. This guy is worth millions.
He often asks me to print stuff out for him in my office, one such item was his will.
Some family members got $88.
No, not kidding. But perhaps it was so that they can't claim he 'forgot' about them.
Spend some money and make sure you do it right. It won't cost the earth and it will ensure that there is less issues.
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I’m no expert but I don’t think you need to hand out paltry amounts to avoid a contest.
My aunt lived (sponged) off my nanna for 20 years but was her “carer”. She thought that entitled her to the whole house to the exclusion of the other 4 siblings.
The old dear was pretty cluey, she specified the assets were to be split equally among the 5 kids, and named the carer daughter that she was not to contest for more than her percentage. You can also name other people who you do not want to leave anything to (exes, etc).
Public trustee has mine, and their questions were eye opening, very thorough:
I want all my assets to go to my daughter.
What about if she’s married?
If she dies, do you want your assets going to her partner?
What if she has kids?
What if you have more kids?
Step kids?
New partner?
FUUUUUU
Never thought of any of this, that’s why you go to a professional.