Simple DIY Wills
The promise of doing a quick and easy Will is enticing, but is it really possible to spend 15 minutes and get the peace of mind that comes with doing a Will?
A Will is not a simple thing
People think that a Will is a simple thing. You put your assets and debts into the Will, and then on your death the Executor uses the Will to transfer your assets and debts to your beneficiaries. Simple, right?
Estates are not simple things
Estates are not simple things, because death is not a simple thing, and because Estates take so long to administer. If the beneficiaries have not experienced dealing with an Estate before they will think something is wrong, why is it taking so long? They think it will take weeks when it could take a year.
Death is not a simple thing
Death is not a simple thing to deal with, and while other cultures have lovely developed traditions around death in Australia we just step into an awkward funeral and then out the other side. There, done, lets not talk about that again.
Update your superannuation details
It is really important that you update your superannuation details as part of your Estate Plan.