frequently asked questions

Q: Do I need to list everything I own in my Will?

Not necessarily.  If you have specific gifts you wish to give, such as jewellery to a niece or your favourite watch to your son, this can be listed in your Will, however often if you have extensive personal possessions such as paintings, artwork, or just items of sentimental value, we include a clause which allows you to make lists of these items, and who you want them to go to, and include this with your Will.  This allows you the flexibility to buy and sell items, and to change your mind and amend the list from time to time.

Your solicitor will discuss which approach is best for your Will depending on the individual details of your estate.

The items which are not listed in your Will fall into what is called the ‘residue’ which is gifted through your Will.

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    Patrick Lunn Patrick Lunn Simmons Wolfhagen Managing Partner work +61 03 6226 1200 http://www.simmonswolfhagen.com.au
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    Personal Property Securities 14 May 2012 By Simmons Wolfhagen 0 Comments Read blog entry