Learn about a basic Will and what it can offer you.
What is a basic Will?
A basic Will is a legal document that gives you the voice to express what will happen to your assets once you have gone. It enables you to decide on your executors and state how they should distribute your estate to your loved ones. For some, the most important element is choosing guardians for your children or gifting to a cherished charity. A basic Will gives the options to state an age that people benefit from your estate, make exclusions and provide a statement of wishes, making specific requests for your executors to follow.
Why is a Will important?
It is important that everyone has at minimum a basic Will to guarantee that their intentions are respected and can clearly be followed by the executors that you appoint. At a time of distress, family members rely upon the directions of a Will to help navigate the responsibility of distributing a person’s estate. A Will should be seen as an act of responsibility to those left behind, to provide them with ease and peace of mind at a time when it is needed most.
What are the trigger points for writing a Will?
Most clients come to us to instruct their Will at a point when a particular event has occurred that has brought it back to the forefront of their mind. The common triggers and the events that should prompt a person to write a Will are:
Marriage
Birth
Death
Divorce
Specific concerns – care, excluding a family member
Increased wealth
In truth, a life event does not need to occur to warrant getting in touch with us and instructing your Will.
Everyone should make the responsible decision to have a Will in place regardless of their circumstances. Read our FAQs to learn about the common myths in relation to Wills, and understand why we all need a Will in place.