Our health and wellness should be our top priority. Whether its regular check-ups at your GP, meditation, and mindfulness for our mental health or keeping fit playing your favourite sport or walking with family and friends, every little bit helps us to lead a happy, healthy lifestyle.
The idea of wellness also extends to financial wellness. And this is where having a legally recognised Will comes into play.
When we talk Wills, traditionally we think death, doom and gloom. This might make the idea of having a conversation about Wills or completing your Will seem all too depressing and difficult.
However, we think completing your legally recognised Will should be an empowering experience. That’s why we created Your Wills.
Let’s dispel a few common myths about Wills:
1. Making a Will is depressing.
Making a Will does not have to be depressing. Your Wills is an Australian company (supported by SLF Lawyers) that offers you a simple to use, straightforward solution allowing you to cost effectively create a legally recognised Will* online from the comfort of your own home.
The software has been designed with clear navigation in mind allowing you to move easily from one step to the next – giving you the opportunity to ensure the right assets, go to the right person, at the right time.
Death is inevitable but dying without a Will doesn’t have to be.
2. Making a Will is going to cost me an arm and leg.
Making a Will should not be expensive if your situation is straightforward.
Having a legally recognised Will is paramount to achieving true peace of mind and a key component of every Australian’s overall financial wellness. Your Wills offers you the opportunity to create a self-directed, timely, cost effective, compliant and user-friendly online Will from $89.95+ GST. For a more complicated situation or if you have any legal questions about preparing your Will, you can speak to SLF Lawyers on 1800 848 870. The first 15 minutes of any consultation about your Will is FREE.
3. I have an existing Will.
If you have an existing Will, the first question you should ask yourself is “When did I complete my last legal Will? Does it reflect my current circumstances?”
A change in circumstance may include, but is not limited to; planning on getting married, divorced, having children, pets, a home, investment properties, a new business, assets, debts, separated, remarried, having additional children or a blended family. It is important that your Will reflects your change in circumstances. Many people have a Will but it was completed years ago and is no longer reflective of their life’s circumstances now.
If you do not have a current Will or your circumstances have changed you can head to Your Wills to complete your Will online. Or alternatively, for a complicated situation, to a lawyer to customise your needs accordingly. Not having a current legal Will in place could be significantly detrimental to your family and loved ones.
4. My assets will automatically go directly to my spouse.
It is important to note that your assets do not necessarily go to your partner when you pass away. In the case of property and assets, this is true for jointly held property and assets, however sole properties work differently and in the event of passing away without a Will, the property may be split between your partner and children.
5. Everyone knows who I want my kids to go to if the worst were to happen.
A guardian is someone who has chosen to accept responsibility for a minor on behalf of their parent (or existing guardian). We encourage you to discuss guardianship of your children with those you have nominated to care for them in your Will. It’s important for everyone concerned that your nominated guardian has accepted to take on the role as primary care giver to your children – your most precious creation. We also strongly advise you to discuss with them upfront too.
6. Can I nominate someone to look after my Pet?
Yes, can you nominate a Pet Carer with Your Wills when completing your Will. Pets are our family, campions and best friend. Making a prevision for them in your Will ensures they receive continued care and go to a loving home once you’re gone.
The Your Wills software allows for two carers, in the event your nominated carer does not accept or does not want the responsibility or changes their consent. It’s important for everyone concerned that your nominated carer accepts the role as primary carer for your pets.
7. I want to leave a ‘Gift’ in my Will.
Bequests are a hugely important support for organisations – many of whom would not be able to carry out their essential services without these generous donations.
Your gift – no matter how big or small – ensures your chosen organisation can continue their incredible work. Your Wills offers you the option of paying it forward by leaving a portion of your estate to a selected charity. You can read more about this here:
Remember: if you die without a legally recognised Will, the appropriate State Trustee may be able to charge a fee of up to 5.5% of the gross value of assets of your estate. In some instances, this may be more or slightly less, please check your relevant State Trustee.
Here are the fast facts:
• There are only 9 simple steps from start to finish to complete your Will
• No payment required until after you’ve completed Step 8 – then review and submit your Will.
• Once complete, just download the PDF and print it out. Then it’s time to have your Will witnessed.
• *To officially finalise your legally binding Will, ensure you have two independent individuals (over the age of 18) witness you signing each page of your Will – including the all-important very last page. Your witnesses then need to sign each page of your Will too. Your witnesses must use exactly the same pen you used to sign your Will. Done! It’s that easy!
Your Wills also offers a Will Sharing Service that allows you to share an unsigned copy of your Will with your Executor, Accountant, Lawyer, family member/s and or trusted friend. Because what good is taking the time to carefully write your Will when no one knows where to find it!
Use the promotional code APA10 for 10% off any of our Will packages. We are happy for you to share this code with friends or family.
Where there’s a Will, there’s a way.