Making a will
Both you and the person you care for should have wills. A will lets others know what you would like to happen after you die.
What is a will
A will describes:
- how you want your assets (money and property) to be distributed after you die – who you would like to inherit your assets
- who will take care of your assets and make arrangements after you die – this person is called the executor, who can be a family member, trusted friend or a public executor agency
- what sort of funeral you want
If something changes, you can change your will at any time.
How to make a will
You should get legal help to write a will.
You can buy a will kit to help you write a will, but you should get someone check it for you, because each state and territory has different laws about wills.
Your solicitor can write or check your will.
You should keep your will in a fireproof place and let your executors know where it is. Your solicitor can keep a copy of your will for you.
You can find more information about planning ahead to make sure your wishes are carried out at MoneySmart Wills and powers of attorney.
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