Securing Your Legacy: Janice Hughes on the Imperative of Wills and Asset Protection

Discover the crucial reasons why having a will is essential, especially if your assets exceed $15,000. Join us for a revealing discussion with Janice Hughes from Aspiring Law as she details the complications and legal hurdles that arise when someone passes away without a will. Janice sheds light on the costly and time-consuming process of applying for Letters of Administration through the High Court, and how the absence of a will can lead to family disputes over asset distribution, particularly in blended families. The episode underscores the significant emotional and financial burdens that can be avoided with a well-drafted will.
In our conversation with Janice Hughes, we explore the critical steps involved in creating or updating a will, tailored to your unique circumstances. Learn about important elements such as asset distribution, guardianship for minor children, and specifying your funeral wishes. Janice weighs the pros and cons of using online platforms for drafting wills and cautions against potential pitfalls. The discussion also touches on how to include charitable gifts in your will effectively. For anyone seeking further assistance, Janice provides contact information for her team at Aspiring Law. 

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Chapters

• 0:01 Importance of Having a Will
• 8:19 Creating a Will