From buying groceries to doing your taxes - most of our life admin can be completed online. But did you know that you can write your Will online in under 20 minutes?
Writing your Will online is a cost-effective and time-efficient way to organise your estate and plan for the future. Traditionally writing a Will has involved an expensive trip to the lawyers or a paper form from the Post Office, but through online platforms such as Willed, a new digital option is available.
How can I write my Will online?
Before you start, make sure you are eligible to write a Will.
To write a Will in Australia, you must be over the age of 18 and considered 'mentally sound' and not under the influence or coercion of others when writing the document.
Make a list of your assets and your beneficiaries
When writing your Will, it is important to think about your assets and how they should be distributed to your beneficiaries. This could be a specific amount or asset, or total percentage of your estate- the choice is yours!
If you have property or specific assets you would like to leave to your loved ones, it is crucial to clearly outline what they are, and how to access them. For example, if you choose to leave an item of jewellery to a friend, you should clearly describe the item and include the person's full name.
Appoint an Executor
An Executor is a person chosen by you, to manage your estate after your death. This involves administrative tasks such as applying for probate, as well as ensuring that your final wishes are carried out accordingly.
Create your Will
Using a digital platform such as Willed allows you to write your Will in under 20 minutes, from the comfort of your own home!
All you need to do is create an account, and follow the prompts to create your own custom document where you can able to divide your estate, choose your beneficiaries and even leave a gift to charity.
Once you have completed your Will online, you just have to download and get your Will signed by two witnesses to make it legally binding.
Disclaimer: The content of this blog is intended to provide a general guide to the subject matter. This blog should not be relied upon as legal, financial, accounting or tax advice