PWG Legal and Trusts

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At PWG Wills and Trust, we provide expert guidance in drafting wills, living wills, and various types of trusts, including special trusts.

Our services go beyond creation, offering:

• Amendments and ongoing trust administration

• Letters of wishes to clarify your intentions

• Business structures and contractual agreements, including contract servicing

• Deceased estate administration, including professional executor services

Our Legal and Trusts Division provides a comprehensive suite of services to protect your personal and business interests:

• Drafting of Last Wills & Testaments

• Living Wills

• Trusts, including amendments and independent trustee services

• Administration of Deceased Estates

• Legal Services

• Business Insurance Agreements and Advice

Risks of Not Having a Valid Will

Without a valid will, the Law of Intestate Succession decides who inherits your assets—not your wishes.

This can lead to unintended outcomes, such as:

• Your estate going to estranged relatives, while friends or charities you care about receive nothing.

• If you have no blood relatives, your assets could forfeit to the State, leaving loved ones and causes unsupported.

Other key considerations:

• Executor Appointment:
You cannot rely solely on a family member; a professional executor is required to manage the estate.

• Estate Liquidity:
Over 30% of estates cannot be fully administered due to insufficient cash to pay liabilities, taxes, and executor fees, potentially forcing the sale of assets to cover costs.

At PWG, we can help:

• Draft a new, valid will to ensure your wishes are followed.

• Calculate your estate liquidity to prevent financial shortfalls during administration.

By working with a PWG Wealth and Risk Planner, you can avoid these risks and ensure your estate is managed efficiently, providing peace of mind for you and your loved ones.

Requirements for a Valid Will

To ensure your will is legally valid and your wishes are honoured, the following requirements must be met:

• Written Format:
A will must be in writing; audio or video statements are not valid.

• Witnesses:
Two witnesses must be present during signing and must be over 14 years old.

• Witness Restrictions:
Witnesses cannot be beneficiaries in the will.

• Page Initialling & Signing:
Every page must be initialled, and the last page signed in full in the presence of the witnesses.

• Executor Appointment:
An independent executor (not a family member) should be appointed. This person ensures your property and assets are distributed according to your wishes.

• Executor Authority:
The executor has the authority to make decisions regarding the estate after debts are settled, such as whether shares in the estate should be sold or transferred to heirs.

By meeting these requirements, you can ensure your will is valid, your estate is managed properly, and your wishes are carried out efficiently

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