EMMA AND FINN

Emma and Finn are married. Both have 2 children from their last marriage.

Emma and Finn have online Wills leaving their estate to each other and then their 4 children equally.

Emma dies from a car accident.

Finn inherits her whole estate, including her substantial life insurance and her mum’s home.

Finn remarries after 5 years.

He dies 15 years later, leaving his whole estate to his new wife.

By the time Finn dies his and Emma’s 4 children are all adults. Finn inherited all of Emma’s estate when she died and Emma’s estate passed onto to Finn’s new wife when he died.

Finn’s new wife doesn’t have any obligation to Finn or Emma’s children.

Finn’s new wife decides to give her estate to her nieces and nephews.

Emma and Finn’s children receive nothing. They can’t claim on the new wife’s estate.

If Emma and Finn had seen us instead of resorting to an online Will platform, we would have recommended they establish testamentary trusts in their Wills. When Emma dies, her wealth, including her life insurance and her mum’s home, will be given to Finn’s trust and when Finn dies, Emma’s children will benefit from that wealth, and not the new wife.

If you don’t want to be Emma or Finn, book a free strategy session by calling 9800 1217 or book here: https://greatsouthernwills.com.au/book-a-free-consultation/

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Bernadette Duell

Principal Lawyer

Bernadette Duell

Principal Lawyer
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Paul Terry

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Paul Terry

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Brayden Thompson

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Paralegal

Rachael Cole

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The Law Has Changed

An update has occurred to Western Australian Law changing what happens if someone dies without a will.

These changes came into effect after March 30th 2022.

Learn about these changes by clicking the button below.