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What are the Different Types of Wills?

Wills in Melbourne are important documents that decide the fate of your property post you. A death will is therefore a document that allows you to plan the distribution of your property and assets. These days, with the advent of technology, getting a will and probate online is convenient. However, before embarking on the journey of making a will, understanding the types is essential. <br><br>Whether you are planning to make a living or death will, Your Wills is that one platform that allows you to get a probate online for your wills in Melbourne. Know more at https://www.yourwills.com.au.<br><br>

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What are the Different Types of Wills?

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  1. Phone: (03) 8415 6622 info@yourwills.com.au What are the Different Types of Wills? Wills in Melbourne are important documents that decide the fate of your property post you. A death will is therefore a document that allows you to plan the distribution of your property and assets. These days, with the advent of technology, getting a will and probate online is convenient. However, before embarking on the journey of making a will, understanding the types is essential. These are listed below 1. Simple Will Simple wills are the most basic type of wills in Melbourne. These basically specify the assets and estate to be distributed amongst beneficiaries post death. The assets are usually uncomplicated. 2. Testamentary Trust Will In this death will, a part of your estate is placed in a trust. A designated trustee will distribute the assets to the beneficiaries. This will is used at times when the beneficiary is financially irresponsible and is to be given only a portion of the assets under specified conditions. 3. Joint Will Entered into by married couples, this type of will entrusts the entire property to the surviving spouse if one amongst them dies. The assets are distributed to the beneficiaries after the death of the surviving testator. 4. Living Will Just like the other wils, a living will also requires a probate online but the concept is different. It is a document that specifies the medical conditions and treatment methods the person making the will would want to be used in case they become terminally ill and can’t communicate their wishes. Whether you are planning to make a living or death will, Your Wills is that one platform that allows you to get a probate online for your wills in Melbourne. Create Your Will Now Ground Floor, 470 St Kilda Rd, Melbourne, VIC 3004 www.yourwills.com.au

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