Research shows that many Australians underestimate the importance of having a will. But experts argue that planning for your loved ones’ future should be a priority regardless of age, socioeconomic status and ethnicity.
When someone dies without a will, it is called intestacy, and the distribution of assets then takes place according to the state or territory laws.
While online do-it-yourself will kits are a rising trend in Australia, getting legal advice is considered a safer option.
But it’s not just solicitors who provide professional assistance.
You can get your will written by the State Trustees, a government office operating in each state or territory.
If you use an online will kit, you can still get it checked by a solicitor or Public Trustee.
Public Trustees still charge, but fees are regulated, nominal or fee-to-service. Fee exemptions may also apply for pensioners and people over 60.
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