A Will is a legal document that ensures your assets are given to the children, or whoever else you designate as a beneficiary. When you have just gone through the stress of a divorce, making a Will is probably the last thing on your mind, but it is one of the most important things to take care of – with the help of your Perth family lawyers – now that you are on your own and very likely have custody of the children. Taking care of them by ensuring they get what assets you have should the worst happen, is paramount to their well-being.
Any Will that you made with your ex is now invalid and both he and you need to make new ones that takes into account your new circumstances. You will have certain assets from the marriage or partnership that need to be taken care of in a Will, if your children are to be the recipients. Of course, they may be too young yet to have full access, but if you have financial assets, you can set up a trust that will take care of their needs until they become of age. That way they will still have enough money for their education and all the things that you have planned for their future.