Thursday, June 5, 2008

Food For Thought

IF YOU ARE SINGLE
You will want your estate divided amongst friends, relatives and charities of your choosing and in the proportions you want.

IF YOU ARE MARRIED
Don't assume "my other half will get everything". Brothers and sisters or parents may have a claim. Often you children have a right to part of your estate. If you are living as a couple but not officially married, you may be treated as a single person and a surviving partner may get nothing at all. One thing you can be certain of - there will be argument and dispute at a time when the family should be coping with the loss of a loved one.

IF YOU ARE A PARENT
You should consider who would look after your children in the event of your death. This is particularly important in the case of one parent families or unmarried parents living together. A valid Will nominating guardians is invaluable in such cases. If no one knows what you would have wanted, the Court will decide on the future of your children, and it may not be what your or your children would have wished.


IF YOU ARE RETIRED
Maybe you made a Will a long time ago. It probably needs updating to include additional grandchildren or deletion of persons you no longer feel you wish to leave anything to.

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