Jump to content

Wanting advice on drawing up a will


  • Please log in to reply
4 replies to this topic

#1 Winning

Posted 12 December 2012 - 11:12 PM

Hi,

I am recently married, no children (currently TTC). I don't own a house or have any major financial assets however I would like to draw up a will that states that my DH gets pretty much everything (including super and so forth). (I would like other family members to get certain things but this is more sentimental value rather than financial).

I just want this to be covered and my intentions to be clear should anything unfortunate happen.

I figure that with home ownership/children (hopefully) on the horizon, I will certainly have to look at my situation and it would probably be best at that point to seek proper legal advice. However, I think it would be wise to ensure that I have this covered in the interim. Has anyone used a DIY will kit like Australian Will Kit and care to share their advice? If it was easy to use, if they thought it covered everything? If it is legally binding?

Or am I best to fork out the money now and see a solicitor? Is this going to cost me an arm and a leg?

Any info would be greatly appreciated. (Except please don't tell me I am silly for not already having one!)


Thanks!

#2 Copacetic

Posted 12 December 2012 - 11:27 PM

Getting a basic will drawn up by a solicitor probably won't cost you too much money (around $400).

#3 ~ppp~

Posted 12 December 2012 - 11:33 PM

We have written $3 will packs bought at the news agency. Don't know how they would stand legally but in our situation it is all very clear what would happen and there is very little that would be disputed even without a will so its really just to give clear guidance for our families.

#4 poss71

Posted 12 December 2012 - 11:48 PM

QUOTE (knowsnotmuch @ 13/12/2012, 12:33 AM) <{POST_SNAPBACK}>
We have written $3 will packs bought at the news agency. Don't know how they would stand legally but in our situation it is all very clear what would happen and there is very little that would be disputed even without a will so its really just to give clear guidance for our families.

My bold. Oh dear. In your case, PP, I'm wondering why you even spent $6, if it might not 'stand legally'.

So many things can go wrong with post office Wills...

If a solicitor draws up your Will (a good one, not just the bloke down the road), it can cover you now as well as when you have children and hold assets such as a house.

I recommend you see a solicitor, OP. A few hundred now can save your family members tens of thousands in legal fees in the event of a dispute, not to mention other things like CGT implications, super, impact of a gift on a beneficiary's pension...

Super is not an asset of your estate.

I'm rambling and a little disjointed in my reply at this time of night, but please forgive me. I've been preparing and witnessing Wills and Enduring Powers of Attorney for the last fortnight and this is set to continue until last thing next Thursday. Yes, I'm a solicitor in Wills and Estates: trust me, things can go very pear-shaped, even with the best of intentions, if your Will and estate planning is not well thought out.

#5 casime

Posted 12 December 2012 - 11:52 PM

I've done the newsagency will kits in the past, before I had DS and had little assets or responsibilities.  Now that I have had my son, I've realised how vital it is to make sure that everything is in order and have had a solicitor draw up a will for me.  It cost me about $1200, but that included all of the documentation for trust accounts if I were to die, because I am a single parent and need to make sure that my property and savings is used to provide for DS if I died.  





1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

How to tell if your child has a speech or language problem

 Left untreated, children who start school with speech and language difficulties face an increased risk of reading and writing difficulties, more bullying, poorer peer relationships and less enjoyment of school. So, what should parents expect of children at different ages?

Finding your tribe as a new mum

How was my renegade mother's group different from my first? They were my kind of people. My tribe.

Following your child's emotional roadmap

Psychologist Angharad Candlin will guide parents through their child's emotional development during her seminar at the Essential Baby and Toddler Show in Sydney this weekend.

Delivery room surprises: when gender predictions are wrong

Out of all the questions asked of mums-to-be, “Do you know what you're having?” would be right up there in popularity. Sometimes,

The fertility battle we don't talk about

“You’re nowhere near menopausal,” my doctor cheerily informed me, and my heart sank. I don’t want to live with worry about pregnancy anymore.

'My morning sickness was so bad I'm not having any more kids'

“All the horrible stuff was totally worth it to have my son. But there is absolutely no way I could go through it all again.”

The 'no children' wedding invite

It was the wedding of one of my oldest and dearest friends, and she had invited me to be her bridesmaid. It was quite an honour. But there was one problem.

Baby Dylan recovering well after spending five days alone

 For up to five days he lay alone after his mother died of a suspected drug overdose, but eight-month-old Dylan Micallef has made an incredible recovery.

Win a $200 Pumpkin Patch voucher

Fill out this quick survey and tell us in 25 words or less your best pregnancy or parenting tip - you'll go in the draw to win a $200 Pumpkin Patch voucher.

The mystery of William Tyrell, little boy lost

The question remains: How does a little boy simply vanish without a trace?

Woman fights off robber, then gives birth

A thief in the US got more than he bargained for when he try to rob a woman who was nine months pregnant because he figured she would be an easy target.

Video: Two-year-old tells mum off for laughing at her

This little girl is not happy that her mum started laughing during her performance - so she tells her exactly how she feels about it.

Download now: Essential Kids Activity Finder app

Got bored kids? Quickly find the best activities for kids wherever you are in Australia with the Essential Kids app.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Losing yourself to motherhood

While watching your baby grow into a unique little person is exciting and wondrous, the intensity of meeting everyone else?s needs can ever so sneakily overtake your own needs for self-care.

Tearing during delivery: the facts

Almost all women will experience bruising, grazing or tearing after a vaginal birth. Depending on the degree of tearing, there are various treatments available.

6 tips for a day out with a baby and toddler

Outings can be lots of fun with the kids, but there are inevitable challenges. Here's some information about days out to help you be a little more prepared.

Why I invited a dozen people to watch my son's birth

I sent invitations on burgundy scrapbooking paper stamped with a field of poppies, and told each person why I wanted him or her there. I warned that there would be nudity.

Getting labour started: tips for a natural induction

When your baby?s due date comes and goes without so much as a pop - let alone a bang - it can be disheartening. Mums and a doula share their stories of natural inductions.

7 mistakes old hands make with new babies

As I sat across the table from my friend ? me, a seasoned mother of three; her, a brand new mum ? I thought of all the mistakes an old-hand parent can make when visiting a newborn baby.

That's my boy: a dad's diary of the first 4 months

Unbearable anxiety, unspeakable joy, constant exhaustion and bouts of frustration ... The many shocks of first-time fatherhood resound in a dad's diary of his son's early months.

One of the most important things a new mum can do

Finances may not be as cute as a newborn, but with many women?s working arrangements changing post-baby, monetary matters need attention too.

Does this baby say 'I love you'?

She's only 10 weeks old, but this baby is already dividing people around the world.

Personalised baby gifts

We've scoured the internet to find gorgeous personalised keepsakes and nursery decor to record baby name and dates. They make great gifts for christenings, name days and birthdays! (All prices in AU.)

 

My Wellbeing

Making time for me

We look at your wellbeing, covering health, relationships, beauty and fashion, mind and body.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.