100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

Trent Wakerley: why it's so important to regularly review and update your Will

Do you have a news tip? Click here to send to our news team.

Cafe says farewell ahead of site’s redevelopment

A popular cafe is preparing to close ahead of a redevelopment of the site into a childcare centre, which was initially rejected by the More

‘Vision and grit’: Coast business women recognised at gala night

Businesswomen across the region have been recognised at a prestigious awards night, now in its 26th year. The Sunshine Coast Business Women’s Network (SCBWN) hosted More

Sweet move: ice cream company switches to Coast

A family-owned gourmet ice cream manufacturer, which plans to expand nationally, has chosen to base its operations on the Sunshine Coast. Mammino Gourmet Ice Cream has More

Business awards entries hit all time-high

The Sunshine Coast’s longest-running business awards have received the highest number of entries in the program’s 30-year history. The milestone was reached on August 18 More

Renowned marine tourism operator charts new course

The Sunshine Coast’s longest-running marine tourism operator is embarking on a new chapter under new leadership, with plans for a new facility and fresh More

New seafood and steak restaurant unveiled

The owners of an acclaimed Italian restaurant have launched a new establishment that promises fresh local seafood, premium meats and a contemporary dining experience. Kristine More

This is the ninth in our series of articles on the uncertainties of death.

Myth – “I have done my Will and don’t need to look at it again, right?”

Wrong! It is important that you regularly review and update your Will.

Your estate planning can be affected by a number of life changes.

They can typically include:

• A change to your marital circumstances. Marrying or entering a registered relationship can revoke your existing Will. The Rules of Intestacy will then divide your estate. More details on the Rules of Intestacy appear in the first of our articles in this series and can be viewed on our website;

• The birth of a child or grandchildren;

• A child attaining the age of 18 years;

• Your executor no longer being appropriate to administer your estate;

• You no longer own assets which you have specifically gifted in your Will;

• One of your current beneficiaries dying;

• Changes to your asset structure such as the establishment of private companies, trusts or a self-managed super fund;

• Your superannuation nomination lapsing.

By keeping your estate plan up to date, you will ensure the persons you intend to benefit do so.

Trent Wakerley is a Director at Kruger Law. He is an expert in Will disputes and also a Sessional Lecturer at the University of Sunshine Coast in Elder Law and Succession and a member of the Queensland Law Society Elder Law Committee.

Subscribe to SCN’s free daily news email

This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.
[scn_go_back_button] Return Home
Share