Hello, I am in progress of drafting a new Will but baffled as to whether wording put into the draft is appropriate.
1.It basically states that if one of my joint beneficiary sons predeceases me, that share goes to his child. There is no date specified for survival of beneficiaries after my death what happens. They both currently have no children, so if I died tomorrow what happens then??
2. What is the survivorship law/time frame in Victoria after death and should I request removal of this wording.
3. If hypothetically they did have an unknown child, wouldn't this create mayhem stating these words in Will?
4. I have also have a home (in my sole name) and draft states real & personal estate upon trust to convert the same into money. Should home be a separate paragraph with any specific extra wording being a major asset.?
Included in brackets I have not seen on Will's prior- (or other property of a terminable hazardous or wasting nature)???????
Any suggestions really appreciated as I feel this draft was a rushed chosen template, just adding the misspelt names in it.
1.It basically states that if one of my joint beneficiary sons predeceases me, that share goes to his child. There is no date specified for survival of beneficiaries after my death what happens. They both currently have no children, so if I died tomorrow what happens then??
2. What is the survivorship law/time frame in Victoria after death and should I request removal of this wording.
3. If hypothetically they did have an unknown child, wouldn't this create mayhem stating these words in Will?
4. I have also have a home (in my sole name) and draft states real & personal estate upon trust to convert the same into money. Should home be a separate paragraph with any specific extra wording being a major asset.?
Included in brackets I have not seen on Will's prior- (or other property of a terminable hazardous or wasting nature)???????
Any suggestions really appreciated as I feel this draft was a rushed chosen template, just adding the misspelt names in it.