Simple Will legal docs and templates for Australia

How to write a simple Will

 

These are simple Will legal docs and templates in Australia for making a Last Will& Testament. It isn’t as complicated as some people may think. Ours are easy to use docs and templates in Australia

You don’t need to pay a solicitor to prepare one and there is no official document that needs to be filled in. A legal Australian Willjust needs to be in writing and signed by the Will-makerplus two witnesses.

It appoints someone to look after your property if you should dieand get blue insurance coverage. If you are a single or in a relationship and want to ensure that your property goes to the people you love, use this Will to nominate those people and hold your estate in trust for the ones you love.

A lot of people put-off getting a Will because it’s either too hard. It costs a lot of $ or don’t want to face the fact they’re going to die. Our Wills are easy to use and designed for Australia.

Your possessions won’t automatically go to your wife / husband or children. If you die without a Will then it’s a trip to the Supreme Court for Letters of Administration and that’s an expensive exercise.

When you make a simple will most of us without children just want to leave our estate. (our property to our spouse, relatives or best friend with the beneficiary or person we trust to manage the distribution of that property.)

How much a will costs will depend on whether you are going through a lawyer, the Public Trustee or using a do-it-yourself. It will kit either from the post office or online as we offer.

Even a Simple Will written by a solicitor can cost $300.00. A Couples Will with young Children, a Will for a Single person with young children, or a complicated Will with a testamentary trust and a number of beneficiaries and distribution of gives may cost between about $2,000 and $3,000.

We aim to be competitive and provide a cost-effective, low-price Will for anyone. It will protect their family from unnecessary expenses later.

What if you don’t have a Simple Will?

It is important for everyone to make a Will even if you don’t have a lot of property, money or possessions. It can save your family and friends money, time, arguments and make it easier for them when you die.

If you die without a Will in Australia the court decides how your estate and assets will be distributed. This is usually done according to a legal procedure. The court appoints a trustee executor who will receive your property according to this even though this may not be who you would have chosen to benefit.

When should I write a Simple Will?

It’s usually best to write your distribution wishes down as early as possible because you never know when the worst might happen. You should make a Will (or review and make a new Will) when:

• You’re just married or re-married (marriage revokes any existing Will);
• You change your name, or anyone named in the Will changes their name;
• If any Executor dies or becomes unwilling or unsuitable to act due to ill-health, age or any other reason;
• If a beneficiary dies;
• Entering into a de-facto relationship;
• Getting separated or divorced (divorce does not automatically revoke a Will);
• Buying a house, a unit or land or other significant property;
• Buying or starting a business, and;
• Turning 18 years old (when I was 17 and joined the armed services we automatically had to make a Will)

Wills are part of your financial planning and should not be a “last minute” item.

What about my underage children?

It may also be necessary to appoint a guardian for your children and rely on a testamentary trust for your estate to be administered.

A testamentary trust can be established under a will. It appoints a trustee or trustee company, who may also be the executor of the will to use property of the estate in a way specified in the will, for the benefit of the beneficiary or beneficiaries.

Who can make a will?

Any person over the age of 18 years who has the mental capacity to understand what they are doing can make a will.

Who will administer my Will?

If your spouse or another person is to be named as your sole beneficiary in your will. it is often appropriate to name that person as your sole executor. There is nothing to prevent a beneficiary from being an executor. Otherwise you should appoint another adult – a member of your family, a friend or a professional adviser to act as executor

And finally:

You should keep a list of all assets and liabilities in a safe place with your Will. Tell your executors where this is, and up-date this regularly to include the following:

• the names and contact details of anyone you wish to be notified of your death;
• details of all bank accounts, shares and property you own;
• details of superannuation policies, life insurance and other policies;
• any other source of income or debts;
• any specific wishes you have regarding your funeral and details of any “prepaid” funeral you may have organised.

Our Wills include a separate page for you to list any additional gifts that you want to make.

Live a long and happy life.

Contact us for any queries.