Don't have a will? You're not alone. Nearly half of Australians don't have one, and the COVID-19 crisis is prompting an increasing number of people to write their own will and take care of their estate planning. But can you draft your own will or do you need a lawyer to do that?If you die without a will, no one knows who you wanted as your beneficiaries. Your assets will be distributed according to a formula set by legislation. This means that certain relatives will receive a defined percentage of your assets, despite what you may have wished.
Making a will in Australia is a relatively affordable and straightforward process. However, it is important to ensure you follow the law so that your will is considered valid and legally binding.While there are several DIY will kits available in Australia, you should consider talking to a Sydney solicitor when making your will in Sydney to ensure it is valid at the time of your death.And even if you do have a will, chances are it may not be up to date. If you've gotten married or divorced, had a baby, or one of your beneficiaries has died, part or all of your will may no longer even be valid.It's not the nicest thing to think about, but it's good to be prepared. By not preparing for the worst, you may cause delay and expense for your family at an already emotional time.Some people choose to make their own will. We think that is a mistake. Although writing your own may seem easy enough, the law around wills can be complex.When you make a homemade will, you risk not drawing it up properly or not expressing your intentions clearly enough. A DIY will is more likely to be contested, which means the whole process of giving away your assets could end up in court.That is why, when you make your will, it is important you have it drafted by someone who understands the law and can advise you on the best way to make sure your assets end up where you want them to. And that means engaging a solicitor.
During these uncertain times, if you're looking for the best lawyer in Sydney CBD, NSW, Jeffrey of JCL Legal is available by mobile phone. Please call him on 0419 233 670.
Making a will in Australia is a relatively affordable and straightforward process. However, it is important to ensure you follow the law so that your will is considered valid and legally binding.While there are several DIY will kits available in Australia, you should consider talking to a Sydney solicitor when making your will in Sydney to ensure it is valid at the time of your death.And even if you do have a will, chances are it may not be up to date. If you've gotten married or divorced, had a baby, or one of your beneficiaries has died, part or all of your will may no longer even be valid.It's not the nicest thing to think about, but it's good to be prepared. By not preparing for the worst, you may cause delay and expense for your family at an already emotional time.Some people choose to make their own will. We think that is a mistake. Although writing your own may seem easy enough, the law around wills can be complex.When you make a homemade will, you risk not drawing it up properly or not expressing your intentions clearly enough. A DIY will is more likely to be contested, which means the whole process of giving away your assets could end up in court.That is why, when you make your will, it is important you have it drafted by someone who understands the law and can advise you on the best way to make sure your assets end up where you want them to. And that means engaging a solicitor.