Facts About Wills - In Contemplation of Marriage
1. Wills can be challenged by family members, which now includes de facto partners.
2. There are tax implications for business assets owned personally and left under a Will.
3. A Will can be used to facilitate transfer of assets to trusts.
4. Wills are revoked by marriage, unless expressed to be made in contemplating of that marriage.
5. A person can have separate Wills dealing with property in different countries.
6. Wills are not automatically revoked on commencement or termination of a relationship and should be reviewed at that point.