In some circumstances, people are able to make a valid will without seeking legal advice. You see, for a will to be valid, there are actually very few requirements. But just because you can, does that really mean you should?
Most states in Australia introduced legislation to grant the court powers to set aside formal requirements when making a will and allow more informal documents to be evidence of a deceased’s intentions.
While these powers may make it seem like you can make your own will, this doesn’t mean you should! Proper estate planning should be focused on reducing the emotional and financial burden on your family if you’re not here or can’t make decisions. It’s important to note here that most of the informal will cases have to be proven in court at great cost.
Watch this video as we discuss the ins and outs of making your own will.
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Information provided on this website is general in nature and does not constitute financial or legal advice. Every effort has been made to ensure that the information provided is accurate, but information may become outdated as legislation and new government announcements are made. Individuals must not rely on this information to make a financial, investment or legal decision as it does not take into account their personal circumstance. Before making any decision, we recommend you consult a licensed advisor or legal practitioner to take into account your particular objectives, circumstances and individual needs.