Affordable and legally recognised DIY will kits
Why do I need a will?
Every adult should make a will. It doesn’t matter if your assets don’t add up to much, if your financial situation is precarious, or if you’re fit and healthy and have no intention of dying. Accidents can happen to anyone at any time, and if you die intestate then it’s your loved ones who will suffer. Not only will they lose much of their inheritance, which will be swallowed up by an expensive judicial system, but they will have to deal with the emotional fall out – the arguments between brothers and sisters, or business partners, or life-long friends.
OK, you’re probably right, but won’t it be expensive?
It used to be expensive, yes. Solicitors don’t come cheap. But in our modern internet world it no longer needs to be. Now you can draw up a will yourself, online. Instead of hundreds of dollars of legal fees, you can get a Do-It-Yourself Will Kit from www.legalwill.com.au for a mere $25. If you’re married or in a de facto relationship and both of you still need to make a will then you can make even bigger savings and buy a couple’s kit for $40.
Is a DIY will legally valid?
Absolutely. There is no law saying that a solicitor has to draw up a will for you – in fact, you don’t even have to get a solicitor to sign it. If you do use a solicitor, then what you are paying for is for them to write down what it is that you want and then certify and register the document. In fact, you can ask any two adults to witness your will (although it’s best not to choose anyone who you’ve made a beneficiary), and there is no obligation to have it registered, just make sure you store it in a safe place.
Isn’t it complicated to make your own will?
Not when you’re guided through the process from beginning to end. www.legalwill.com.au provide step-by-step instructions so that creating your own will is simple and straightforward, from deciding on the executors to providing details about how you want your funeral – if you want, you can even write messages for loved ones left behind. The kit includes instructions, legal will forms, executors’ memorandums and even practice will forms to help make sure nothing can go wrong!
How do I keep my will and my personal details safe?
You don’t need to worry about the safety of your personal details online. Every user’s account is password protected, and the site uses 128-bit encryption to ensure your privacy. Once you’ve completed your will online then all you need to do is print it off, get it signed and witnessed, and then put it in a safe place. Don’t forget to tell your executors where you’ve put it – there’s no point making a will if no one can find it! If you don’t have anywhere you can keep your will safely yourself, then consider taking up the storage and update service offer that comes with your online will kit – you can send your will to Will Store Pty Ltd, a specialist storage company for last wills and testaments, and they’ll look after it for you.
What if my circumstances change?
It’s a fact of our modern world that personal circumstances can change overnight. If your financial or family situation suddenly changes, then you’ll need to update your will. If you’re using a solicitor then this will occur another whopping fee, but if you create your own DIY will online then you can simply update this existing will whenever you wish for no extra charge, so that you can rest assured that your will will always say whatever you want it to say.
Sounds good. How do I get started?
Easy. Just head over to www.legalwill.com.au, sign up and away you go!This entry was posted in articles and tagged solicitor.Book mark the permalink