Planning for the Future: Crafting a Will to Protect Your Loved Ones
Planning for the Future: Crafting a Will to Protect Your Loved Ones
Leaving behind a legally valid will is vital to securing your legacy after you pass away. However, research shows over half of Australian adults do not have this important document in place.
At Funera Sydney, our compassionate advisors are here to offer guidance, making the will-writing process straightforward and stress-free. With our support, you can create a plan that protects your family and distributes your assets according to your values.
Why a Will Matters
- Direct your assets wisely: Without guidance from you, your possessions will be divided according to state law, which may not match your intentions.
- Appoint guardians you trust: A will allows you to select caring guardians to raise your children in the event of your passing.
- Minimise family discord: A clear will helps avoid disputes over inheritance matters after you are gone.
- Choose a reliable executor: This responsible person will ensure your wishes are carried out appropriately.
Getting Started on Your Will
Some postponed creating a will, finding the subject overwhelming. We are here to simplify the process for you. Begin by drafting your wishes on paper, leaving room to organise and finalise details. Consulting an estate planning attorney can also provide useful direction.
Components of a Complete Will
- Outline beneficiaries: Clearly define who will inherit your finances, property, and personal items. Strive for specificity.
- Designate a residual estate recipient: This accounts for any assets not detailed in your will.
- Select guardians for minors: Choose caretakers you trust to raise your children in a loving environment.
- Name an executor: Pick someone organised and dependable to settle your estate smoothly.
- Review regularly: Update your will during significant life changes to reflect your current wishes.
Consequences of Having No Will
Without a will, your estate will be divided according to standardised state formulas. This could contradict your intentions for loved ones. Not having clear instructions also frequently leads to bitter conflicts between family members.
Honour Your Loved Ones with a Will
Although difficult, planning for your passing is one of the most caring steps you can take. Funera Sydney's advisors remove the stress, helping craft a will that thoughtfully provides for your family's future. Contact us today to discuss memorialising your legacy through a customised will.