Post Office Will Kits offer a convenient solution for individuals who have straightforward estate planning needs. The kits are easily accessible and can be obtained from any Australia Post outlet, eliminating the need to schedule appointments with lawyers. For those on a busy schedule, it's a flexible way to write your estate plan.
Does Australia Post have a will kit?
Long live the Will Kit! The traditional Post Office Will Kits you can purchase at Australia Post or your local newsagency will certainly help you draft your own legally binding will but it will only do this for you one time only. This is because the Australia Post Office Will Kit is a single-use handwritten document.
Are will kits a good idea?
Andrew Simpson says will kits are good for people whose affairs are straightforward and less suitable for people with multiple children from previous partners, for example, or complex financial arrangements. "Will kits are only suitable for the simplest of circumstances … where the will-maker clearly owns all of their assets personally," he says.
What Is A Will and What Is A Will Kit?
What is a will?
A will is a legal document that states how you want your estate to be distributed after you die. Your estate encompasses anything you own under your name, and here arises the first common sticking point in the process. "Often people sit down to make a will and they think they own assets that they don't actually own," says Andrew Simpson, wills and estate lawyer and author of The Australian Guide to Wills and Estate Planning. "What is an estate is a fairly simple question, but to actually get
Who Should Use A Will Kit?
Andrew Simpson says will kits are good for people whose affairs are straightforward and less suitable for people with multiple children from previous partners, for example, or complex financial arrangements. "Will kits are only suitable for the simplest of circumstances … where the will-maker clearly owns all of their assets personally," he says. "
Will Kit Comparison
We asked three lawyers a series of questions about six popular online DIY will kits. While all lawyers said each of these kits will allow a user to prepare a standard will, they were in agreement on some areas where each kit could have done better.
choice.com.au
Willed
Type: Online, questionnaire Cost: You can begin the process for free, but you will need to pay $159 (for one person) to finalise preparation of your will. Website: willed.com.au
choice.com.au
The Online Australian Will Kit
Type: Online, asks you to fill out pre-arranged sections Cost: $49.95 (available on special for $29.95 at time of writing) Website: theaustralianwillkit.legal
choice.com.au
Tips For Preparing A Will
How to draft your will
While the rules vary across the states, there are some common things to keep in mind when you're drafting a will, whether you're using a will kit or not: 1. You must be at least 18 years old or married. The will must be in writing, and you must be of sound mind and understand the implications of making a will. 1. Be clear. Rather than simply writing 'my spouse', state their full name. 1. Your will must be signed in the presence of two witnesses, who also need to sign the will in your presence
When Should You Get Legal Advice For Your Will?
Andrew recommends talking to a lawyer about your will and estate plans if your financial and family situation is not relatively straightforward. "If your circumstances are beyond the standard, you really should be getting some advice," he suggests. "If you've got a family trust, self-managed super, or a significant portfolio in your own name, or if
Will Kits and Your Data
As mentioned previously, several of the kits we've included in our comparison are entirely digital products that require you to input details about yourself in the course of building your will. CHOICE is investigating how businesses use consumer data and recommends will-makers consider what a platform might do with their personal information. "Cons
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Up-to-date information is available from any Post Office or telephone. 13 POST (13 7678). Subject to the Australian Consumer Law Australia Post shall.
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Australian Legal Will Kits help people to write a straightforward, convenient and kit from the post office Even just signing a will properly without legal advice
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