Many people put off writing a will. It doesn’t seem like something that needs doing urgently, so it’s a job that gets forgotten. Many Australian parents are yet to get around to this important task. All parents should have a will, and writing one doesn’t need to take long.
Keep reading to find out why (and how) you should tick this job off your to-do list today.
What is a will?
A Last Will & Testament is a legal declaration of our wishes after you have passed away. A will can dictate what happens to your estate, money, children, and pets. Simply put, a will is one way you can help prepare for your child’s future.
You shouldn’t put it off any longer
Nobody wants to think about the unthinkable, but it’s essential to get your affairs in order. Writing a will now could save your loved ones a lot of hassle after you’re gone. A will ensures you are the one making the decisions after your death. If you don’t have a will, you won’t get a say in what happens once you’re gone. Your loved ones will be better served if you make the decisions yourself.
It’s not all about the money
Your will is your chance to name the preferred guardian of your children. This isn’t a decision you want to leave up to anybody else. All parents should figure out who will raise their kids for them in the (very unlikely) event of their death.
It’s not easy imagining your children’s lives without you there; however, this is an important step to protect your child. When choosing a legal guardian, you should consider where they live, any religious or ethical beliefs, their relationship with your child and whether they want to become a legal guardian.
There are financial things to consider
Writing a will also allows you to name the executor who will handle your financial affairs. It’s essential to choose somebody you trust and who is financially savvy. Your will identifies how you want your assets distributed. It’s not just about how much money you have; a will states who will inherit your belongings. Your will dictates who gets what, from your car to your expensive jewelry.
Some parents choose to set up a trust so that their children receive their inheritance slowly throughout their lives. This may help the money go further and help your child plan for their future. If you want to set up a trust, you will need to include details of this in your will.
Writing a will doesn’t need to be expensive
If you’ve been putting it off because you can’t afford to fork out on an expensive will, worry not – writing a will doesn’t need to be costly. With Willed, you can organise your will for just $159. Will makes writing your will convenient, quick, and easy. You will have access to live telephone and online support throughout. An Australian wills expert will check over your will. Willed wills are legally valid throughout Australia. To simplify the process of will writing and save yourself some money at the same time.
You won’t regret writing a will
While it may not seem like a fun job, writing a will doesn’t have to be painful. You may have to face your own mortality for a short while, but you can forget all about it once it’s done. The alternative is that you don’t write a will, and then your belongings (and children) may not end up with who you would have liked them to end up with.
Writing a will could save your loved ones a lot of stress if the unthinkable happens. So be proactive and plan for your children’s futures today.
Take a look at Willed to learn more about the services they offer and how they could help you.