What should I consider when writing a Will?

It is great that you are here reading this. A Will is an important step that you can take to ensure that upon passing away, your wishes will be followed.

We know that for most people, family is the most important part of life. There is a certain peace of mind that comes from knowing that the people closest to you, your family, loved ones and pets, will be supported financially in the future.

One of the first things to consider when writing a Will is making sure that it is valid. When you write a Willify Will, we walk you through the whole process of putting your wishes in writing and helping you ensure that your Will is valid, and that it is legally binding. We have put together a helpful guide to assist you in printing, signing and storing your Will. Nothing is left to chance here. The future of your loved ones starts with the steps you take today to create your Will.

From a practical perspective, we ask you to choose an Executor and a back-up Executor. The role of the Executor is to administer your estate after you pass away. This can include applying for Probate (which is the administration process of proving the Will), preserving and maintaining assets, calling in debts owed to the estate, paying liabilities of the estate, managing taxation and other like requirements, defending the estate during any legal proceedings, ensuring care of minor children and distributing the assets of the estate.

The above list may sound a little overwhelming. The good news is that your executor can seek assistance from professionals along the way if needed, such as accountants and lawyers, to ensure that they are confidently making the best decisions they can for the beneficiaries of your estate.

Your children are likely your greatest concern. Did you know that you can provide for your children in your Will, and you can also include in your Will a direction as to whom you wish to care for your children. This can bring peace of mind.

We love animals and know that often your animals can feel like part of the family. Did you know that in your Will you are able to give some care instructions for your beloved four-legged companions, fishy friends or feathery pals, and also list the person whom your wish to care for your pets.

You may also wish to provide for other people under your Will. This might include extended family members or friends. Likewise, a Will serves the role of leaving gifts to support those people you have chosen to benefit.

If unfortunately, you have made the difficult decision not to provide a gift or financial support to a family member or dependent; that is your right. Although, we need to be mindful that the Court can determine that you ought to have provided for such a person.

The Will lets you clearly indicate to whom you will be leaving gifts or financial support. You might choose to leave a percentage of your estate, a specific gift such as an heirloom, or a specified sum of money. You control this process, after all it is your estate!

If you do not leave a Will, this control is taken away from you and your estate is distributed in accordance with a formula set by legislation. This will mean that your wishes will not be followed. 

Upon passing away, sometimes people have specific wishes about holding or not holding a funeral, whether they wish to be cremated or buried, and if they would like their organs to be used for transplantation.

There may also be a particular flower to be displayed, or song that you wish to be played, at your funeral.  It may be your plan for your loved ones to gather at your favourite local pub, to share a meal and have a laugh. Whatever your wishes upon passing, you are able to record it in your Willify Will. This means that your loved ones will feel proud that they have honoured you in a personal way.

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