Making a Will
A Will is about more than just money. Here's what you need to know for your own peace of mind.
Understandably, making a Will is something people are often reluctant to do. But, making a Will should be an absolute must for anyone planning to leave their worldly possessions to family or friends.
Making a Will
A Will is a legal document that outlines who is to inherit from you and can save all sorts of family disagreements when you die. It is especially important if you have children, property, savings or investments. If you want to make provision for your
loved ones after you've gone, which having a Will can address this.
A Will is about more than just money:
- You can name a trusted person to deal with your estate after you pass away. This person will have the authority to manage your assets, pay your outstanding debts and distribute your estate according to your wishes
- A Will protects your interests, it helps your loved ones and it ensures everything is done as you’d wish
- You can identify special possessions or family heirlooms that you would like to go to a specific person or people
- You can express instructions for what you'd like to happen at your funeral
- If you have children under 18, you can nominate a legal guardian to care for them
- Wills can also be used for tax planning, to protect your assets for future generations and maximize what is passed on to your loved ones.
The price of Wills can vary dramatically but cost should not always be the deciding factor. The right Will should be tailored to your personal circumstances, assets and property.
Below we have provided useful information about the options available when writing a Will, things to think about when making a Will and some of the common reasons why people don't think they need a Will.
Writing a Will and the options available
There are three main options to choose from when writing your Will:
Other things to think about when making a Will
Common reasons why people don't think they need a Will
There are many misconceptions about Wills and reasons why people don't yet have one.