Legal Will Advice

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ONLINE VERSUS NEWSAGENCY WILL KITS

A recent analysis by Choice.com.au showed that many of the basic newsagency Style Legal will Kits were woefully limited.the
most common problem is that they are overly simple in their nature and dont`t have sufficient features when, for example,
providing for children.

DOES YOUR WILL KIT PROVIDE FOR CHILDREN?

Will items from www.legalwill.com.au overcome these issues. As you bulid you`re taken through screens that
explain the input required and you can make allowance for your children,such as guardianship and holding items in
trust untill a specific age.

GENERAL ADVICE – APPOINTING AN EXECUTOR

As life meant to be dynamic, no will can be totally future proof.Give your will the best of aging gracefully as you give
careful consideration to the executor. This can be burdensome task, as they must apply to the court for probate to admin-
ister your estate,then set up any necessary trusts if required within your will. While your best friend may seem like the perfect
person for the job, consider if they have technical skills and patience for such a task. Make sure you discuss this with your
executor too so there are no nasty surprise down the track. it can be a good idea to appoint a second executor, which will
come in handy if your first is unavailable,moved overseas, unwilling to take on the job,or even may have passed on them-
selves

KEEP IT UPDATED

Life never stands still for a minute .As your situation changes, so too should your will. The experts at Easy Name Change, are
constantly reminding couples that marriage immediately voids a will and encourage all newly weds to sit down and create a
will. Then said couple have a baby.To avoid and second guessing, make arrangements for their care should you not be
around to see them come of age. If you have a life insurance policy you may also want cash or other assets held in trust until
they reach a certain age.

WHO`S IN AND WHO`S OUT?

As you get older, it gets easier to become complacent about keeping such documents updated. But that`s also when your
family and friends are going through just as many changes
perhaps some of the family and friends listed in your will are no longer alive, or perhaps they are not as close as when
you first created your will. Make sure to review it so that the people you want included are still included ,and the people
you want excluded are taken out (and they don`t have to know about it either!

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