The Public Trustee will be hosting free community education talks in the South West to help individuals make informed choices about making and storing their will and planning for the future administration of their financial affairs and estates.
Hosted by director Etta Palumbo, the talks will educate on the need to make valid Wills and provide advice surrounding deceased estate and financial administration processes, as well as other information such as safeguarding yourself against financial or elder abuse.
While most people know they need to write a Will, according to research conducted by the Public Trustee, 49 per cent of West Australians have never made a Will.
WA’s Public Trustee Brian Roche said making a Will was one of the most important aspects of life and financial planning.
“Estate planning ensures that your financial and legal affairs are in order before you pass away and writing a will is a crucial part of the process,” he said.
“Having no will, or a poorly drafted will, can have serious financial and other consequences for family members and loved ones, leaving them with expensive and cumbersome legal processes to settle their estates.”
Triggers for writing wills generally come from major life changes such as the birth of a baby, marriage, death of a family member, a medical crisis or buying a home.
However, according to the Public Trustees Wills and Planning Expert Etta Palumbo there was no better time than now to start planning for the future.
“Create a Will now while there is no pressure and give yourself peace of mind in knowing that your wishes will be followed,” she said.
“If someone passes away without a legal will, assets may be distributed against your wishes or could even revert to state government control if no close relatives are found.
“Writing a Will can be easy and cost-effective compared to dying intestate and, at the Public Trustee, we want to ensure that all West Australian’s have access to information and services to help them through the process.”
Monday, October 22
10am - 11.30am
Community Resource Centre
Phone 1300 746 116 or visit www.trybooking.com/YAMP to RSVP for either event.
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