Published 03 Apr 2019
Talk to any legal advisor and it's likely they'll inform you that you should create a Will, if you don't already have one. It's an important document that everyone should have, no matter their financial state.
Are there any rules around who can make a Will? Here's what you need to know.
Who can make a Will?
If you're over 18 years old, and have testamentary capacity, you're able to create a Will.
However, there are certain situations where a minor (someone who is under the age of 18) is allowed to make one despite their youth. The three main scenarios where this occurs are where the minor is:
What is testamentary capacity?
Testamentary capacity is a legal way of ensuring you are of a sound mental state and are capable of understanding and making decisions around what happens with your estate. This is to protect you and your loved ones should someone try and manipulate your Will when you're not able to comprehend what is going on.
To ensure your Will is valid, it's wise to create it while you're still in good health. This can help avoid any complications further down the line, such as your Will being contested. Another way you can ensure your testamentary capacity isn't challenged is by obtaining a medical certificate for evidence at the time you create your Will
Your testamentary capacity is judged on four factors, which are as follows:
It's also important that you know exactly what's contained within your Will, and that you approve of everything there.
If you'd like to know more about making a Will and ensuring it's valid, make sure you talk to the expert legal team at Malouf Solicitors today.
Please call us on 02 8833 2000 to speak with a lawyer
Parramatta Office:
Level 5/146 Marsden Street
Parramatta
NSW
2124
PO Box 945
Parramatta
NSW
2124
Phone: 02 8833 2000
Fax: 02 9687 3697