12 Easy Steps to Writing A Valid Will in Australia

12 Easy Steps to Writing A Valid Will in Australia

  1. Reflect with Purpose:
    • Consider assets, relationships, and potential beneficiaries.
    • Create a clear mental and documented inventory.
  2. Gather Materials:
    • Ensure good lighting, steady surface, quality pens.
    • Have two unrelated adult witnesses for signing.
  3. Choose Executors Wisely:
    • Select trustworthy individuals with sound judgement.
    • Consider proximity and conflict resolution skills.
  4. Outline Beneficiaries Clearly:
    • Clearly designate beneficiaries for each asset.
    • Update as dependents enter or leave your life.
  5. Make Intentional Bequests:
    • Clearly communicate specific gifts to chosen beneficiaries.
    • Minimise ambiguity to prevent disputes.
  6. Residuary Estate Instructions:
    • Appoint primary and backup beneficiaries for unspecified assets.
    • Prevent unintentional oversights in asset distribution.
  7. Signing & Witnessing Legally:
    • Have two adult witnesses for legal validity.
    • Follow formal procedures to avoid contestation.
  8. Attach Supplementary Pages:
    • Include additional topics as loose attachments.
    • Cover funeral preferences, organ donation, or digital assets.
  9. Store Originals Safely:
    • Keep finalised originals in secure locations.
    • Inform trusted loved ones of the storage location.
  10. Updating Your Will:
    • Review after major life changes.
    • Full reviews every 2-3 years as a standard practice.
  11. Property Ownership Matters:
    • Clarify co-ownership status for homes.
    • Understand the distinction between joint tenants and tenants in common.
  12. Intestacy Avoidance:
    • Avoid leaving wishes unclear to prevent State formulas.
    • Regularly review and update to reflect changes.

In Closing: Crafting your legacy should be thoughtful and empowering. For queries or guidance, contact us at (02) 9954 6655. Let's simplify the process of writing your Will.

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