Do Young Adults Need a Will? The Risks of Dying Without One
Do young adults need a will? Many people assume estate planning is only necessary later in life, but dying without a will can create significant stress, delays and legal costs for loved ones. In Victoria, if you die without a valid will, your estate is distributed according to legislation rather than your personal wishes. Even if you do not own a home, assets such as superannuation, life insurance, savings, shares and cryptocurrency may form part of your estate. A properly drafted will allows you to appoint an executor, provide for loved ones and ensure your wishes are respected. Learn why every adult over 18 should consider having a will in place.
Can Someone Change a Will When a Parent Is Losing Capacity?
When a parent’s health is declining, questions often arise about whether they can still validly change their Will. The law requires that a person has “testamentary capacity” at the time the Will is made, but capacity is not always clear-cut. In many cases, particularly involving dementia or illness, there may be periods of clarity mixed with confusion. This can lead to disputes, especially where changes to a Will appear unexpected or unfair. Understanding the legal requirements and warning signs early can help you respond appropriately and protect your interests.