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Wills in more detail

Things to consider

To ensure the administration of your estate runs smoothly and doesn’t cause undue stress on family or friends, your Will needs to clearly define who handles your estate and how you wish your assets to be distributed.

When creating your Will, you will need to give very serious consideration to many questions.

• Who will be your beneficiaries?
• Have you provided clear instructions on dividing your assets?
• What happens if a beneficiary dies before you?
• Do you need to provide instructions regarding setting up a discretionary or perpetual trust?
• Do you need to provide instructions giving a life interest in real estate or investments you own?
• If you have young children, who will be their guardian?
• What about specific funeral instructions or wishes you have?
• What happens if I omit a family member?
• How do I provide for a disabled child?

Plus a whole lot more.

One of the most important decisions is who you want to be responsible for collecting and distributing your assets – that is, who will be your executor. Public Trustee is well situated to provide the full range of executor services.