Jim Marsden, Senior Partner of Marsdens Law Group, was astounded by the law firms recent Wills Promotion.
“We celebrate 50 years of being in business in Campbelltown this year. We thought it would be a good idea to do general standard Wills for the people of the region at $50 a Will. The response was amazing – over 400 Wills”. Mr Marsden said.
Marsdens Law Group has been in business in Campbelltown, Macarthur and south-west Sydney for 50 years this year. The firm was founded by John Marsden in 1968 and has always set high standards of service, professionalism and commitment to clients and the community.
John was joined by his brother Jim 5 years after he started and together they built the firm to what it is today.
“It wasn’t all about John and I. There were many others who have contributed to the success of the practice. Most importantly though, the people of the community have supported us for 50 years, and that’s why we got to where we are today”. Mr Marsden said.
While the promotion was ultimately to say “thank you” to Campbelltown for its support, the importance of a Will can never be underestimated. It is understood that 1 in 2 Australians do not have a valid Will.
“Everybody should have a Will. It just makes things easier to take care of peoples affairs after the persons death”. A valid Will allows you to appoint an Executor to take care of your affairs after your death, to appoint a Guardian for your minor children and to ultimately distribute your assets as you wish, to whomever you choose. A Will also allows you to specifically exclude family members that you do not want to benefit from your Estate. A Will therefore is the only way to have your wishes recognised after your death.
If you are to pass away without a valid Will, the NSW law will determine who receives your assets and in what percentage.
A Will does not go out-of-date and there is no time limit on the validity of your Will. However, it is recommended you update your Will every 5 years, or when your circumstances change including births, deaths, marriages and separations.
If you have any questions or require any advice about your Will, please do not hesitate to contact our estate planning expert, Krystle Wolthers, on (02) 4626 5077.
The contents of this publication are for reference purposes only. This publication does not constitute legal advice and should not be relied upon as legal advice. Specific legal advice should always be sought separately before taking any action based on this publication.
