When it comes to Wills (and creating them), there is a good chance that you will think that this is only something that happens when you reach a “certain age”. Of course, many people who take the time to think about and create a Will are likely to be a little older, perhaps with a family of their own to think about. But we believe that Wills should be considered by people of all ages. Here are five reasons why.
1. Wills don’t have to be complicated
One reason that many people put off writing their Will is because they think it is going to be a long and drawn-out process with lots to think about. Of course, there are some major decisions that need to be made and a process that needs to be followed, but this can actually be much easier than you realise.
There are lots of ways that you can make writing a Will less complicated. The easiest way to do this is to consider writing an online Will, otherwise known as a digital Will. When you write your Will online you will work through a template, step by step, to help to ensure that your Will covers everything it should.
2. Wills make fulfilling your wishes easier
Wills are there to ensure that your wishes are met and that your estate is distributed in a way that you have decided is right. Not only this, but having a Will in place makes things much easier for those that are left behind.
If you don’t have a Will when you pass, then you will have died intestate, which means that your estate needs to enter into intestate administration. This court process can take some time, requires additional effort from your closest family members and can even result in additional costs.
With a Will in place, there is no need to go through the intestate administration process, which means that your loved ones can deal with your estate more easily and instead focus on grieving your death.
3. You can decide who gets what
Sometimes, the rules of intestacy will mean that an estate is distributed according to your wishes. However, this is often not the case. Sometimes, in families, things don’t work out as you want them to, and people can fall out and grow apart.
When you die without a Will, you have no say in which members of your family get your property and money. This can end up causing lots of heartache and arguments for those family members who remain.
In comparison, when you have a Will, you express exactly how you’d like your assets to be distributed. You might decide to include family members, charities, organisations, friends or neighbours that you want to get certain parts of your estate - be it cash, valuable property, family heirlooms or meaningful mementos.
4. You can take care of your most important things
Moving away from just the money and belongings, a Will can also provide guidance on who you’d like to take care of your most precious things - be it guardians for your children or your pets.
Not only can you pass away knowing that they are properly taken care of, but also, your children will have the peace of mind of knowing where they would live in the event that you are no longer around to raise them.
5. Cut down on the chance of family fall-outs
Dealing with the death of a family member (and the associated grief that comes with it) can be a highly emotional time. This can increase the chance that even the closest of families could end up falling out.
You can’t always stop this from happening, as sometimes these arguments just pop up out of nowhere, but you can reduce the chances of it. Having a Will makes your wishes known, leaving little to interpretation. Your family members will know that your estate is being distributed based on decisions that have been made by you and you alone.
As you can see, there are lots of reasons for you to think about creating a Will today. No one likes to think about the idea of dying and no longer being around, but it can happen at any point in your life.
Having a Will already in place gives you the peace of mind that should anything happen to you, those all important decisions are already taken care of. Sorting your Will is a gift you can give yourself today. Leaving your family the time and space they will need to work through their grief and adjust to life without you being a part of it, is a gift you can give them whent he time comes.
Start your Will today at willed.com.au.