The new year is a great time to explore new resolutions, like catching up on life admin and making a Will.
It’s common for people to take out insurance or make saving plans when thinking about the year ahead, but many put off making a Will because it doesn’t feel like a priority.
A Will is so important because it protects the things you’ve worked hard for during your life, and ensures your wishes are carried out after you die.
While not an exciting task, making your Will is essential. Without a valid Will, no-one knows who you wanted to inherit your assets and sentimental items or care for your children.
The law doesn’t provide for gifts to friends or charities, or any religious or cultural arrangements you may want to make. There is no allowance for your pets, who can also be important members of your family.
Instead, your assets will be distributed according to a legal formula, which may not reflect your wishes at all.
There is no right or wrong time to make a Will. But if you’ve recently had any major changes in your life, like buying a home, growing your family or changing your relationship status or the structure of your assets, it’s a good time to make it a priority.
It’s common to wind down over the holidays to prepare for the new year. To give yourself peace of mind, why not add your Will to that priority list?
NSW Trustee & Guardian is the #1 Will maker in the state and they can help you. They’re experts in Wills and estate planning services, preparing Wills, Power of Attorney and Enduring Guardianship documents across multiple locations in New South Wales.
Book an appointment to make your Will by calling 1300 10 20 30 or visit tag.nsw.gov.au.
Bundle and save $220 when you include a Power of Attorney and Enduring Guardianship. The service is provided at no charge for those on a full Centrelink Age Pension.
* Names and identifying details have been changed to protect the privacy of individuals.