Problems Arising From Lack of Will and/or Power of Attorney
If You Are Young and Single and without a Will and/or Power of Attorney, You MUST Read This and For Once, It's NOT All About You…I'm going to ask you to be really serious for a few minutes because I want to address a difficult subject with you.
Do you know exactly what would happen to those around you if you died today in the event of your not having a Will?
I want to tell you a story about someone who didn't think they needed a Will. This person was like you; young, single and educated. A professional woman in her early 20's with a good job, she lived at home with her parents. She was paying off a HECS debt, had a personal loan for a car, credit card debts and a mobile phone contract.
One Sunday morning, her distraught parents identified her body at the morgue after her promising life was cut short by a drink-driver.
It was then that the problems started.
The mobile phone company wouldn't allow her mother to cancel the phone contract saying that the Privacy Act prohibited anyone else from accessing the account. Mum didn't know the security code…
It turned out that her car was uninsured as was the drink-driver's car, which was also unregistered; he was unlicensed and technically bankrupt… the car debt was over $15,000.
A wrecker offered Dad $2,500 for the car. The credit card debt was over $3,000.
Mum and Dad found themselves without a daughter and with an excess of $25,000 of her debts. It took them nearly 12 months to sort out the legal issues and they had to refinance their home to pay off the debt.
Your family will suffer enough if something happens to you. For less than $200, you will save your parents from having the financial heartache this young woman's family suffered, by making your Will and/or appointing your Power of Attorney.
This is about you acting responsibly. This is about you protecting those around you in the event of the ultimate tragedy.
You owe it to them to take action today; now. Call us on (07) 3345 4388 to have your Will drawn up and protect those you love from a potential financial nightmare.
Preparing your Will is one essential fact of life and you will be glad you made a Will ensuring your loved ones do not suffer.
Please feel free to contact us for any Wills, Estate Planning and Power of Attorney service assistance that you may require in and around Brisbane, Queensland.
Alternatively, please call us on (07) 3345 4388 to clarify any queries you may have in regards to our services.
Hatzis Lawyers are a dynamic firm of Brisbane lawyers and solicitors contributing their might to the smart state of Queensland.