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Why there is no such thing as a simple will

You’ve got to understand what you’re giving up when you sign a simple will – and how there are better ways to protect your loved ones.

Peter Townsend

Want to see your lawyer about what happens to your assets after you die and areconcerned the legal team will complicate things? Or is it just that you – like many others – don’t fully appreciate the ramifications of some of the things you want to do and therefore always say you want it kept simple?

Clients regularly say: “I just want to give everything to my wife/husband and if they’ve gone, then to the kids. It should be very simple, so can I come in tomorrow to sign it?”

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Peter Townsend is principal of Townsend Business & Corporate Lawyers.

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    Original URL: https://www.afr.com/wealth/personal-finance/why-there-is-no-such-thing-as-a-simple-will-20240424-p5fmbm