Having a will is arguably one of the most important things you can do for yourself and your family. Not only can a will legally protect your spouse, children, and assets, it can also spell out exactly how you would like things handled after you have passed on. Learn more about having a will here: Why Make A Will?
Do It Yourself With A Will Kit
While it may be a morbid subject that many people would rather avoid, writing a will is important to ensure your assets are distributed as you would like. Anyone can prepare a will if they are over 18-years old and deemed to be of sound mind. If you are planning to write your own will, you may consider the DIY will kit from the State Trustees: Do It Yourself With A Will Kit
How To Write A Will
It is often a good idea to speak with a solicitor or private trustee to learn how to write a will that is legally binding as if your will isn’t signed and witnessed correctly, it will not be considered valid. Remember to keep this in your consideration when you are writing your will. Here’s another guide on helping you to write your will: How To Write A Will
Administration of The Estate
When a person dies leaving assets, somebody, usually the executor of the deceased’s Will, has to deal with the administration of the estate. The executor of the will must administer their estate in accordance with the terms of the deceased’s will. Here’s a clearer explanation on the administration of the estate from Victoria Legal Aid: Administration of The Estate
Other helpful resources:
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