Thinking of our demise is not something that many Australians want to even consider but it is a reality of life so it makes a lot more sense to get all of your affairs in order now and not to leave it up to your family members to deal with it after you’re gone.
By doing it this way, you will be creating a lot of conflict within your family unit and so if you don’t want Australian law to enter the fray and make decisions for you then you need to really consider thinking about making a will so that your estate is divided up as you wish.
The good news is that you can get lawyers for wills and estate and it will be their job to make sure that all of your property and affairs are dealt with properly and in the way that you have instructed. By doing this, you’re making life incredibly easy for those that you leave behind and so there will be no in-family fighting over who gets what and when. If you are somewhat reluctant to start thinking about making a will this early in your life then the following are just some of the practical reasons why it makes perfect sense.
Putting in Place Financial Security
You do everything that you can to protect your family members now so why shouldn’t be any different after you pass. By creating a will with a legal professional, you’re taking the right steps to make sure that everyone who is closest to you gets taken care of financially or otherwise. If your life is somewhat complicated and you have been married before and remarried again then you are creating all kinds of different problems if you don’t set up a will.
Someone to Take Care of the Kids
Once again, this is not something that Australians want to think about but it is the reality of life that you might have to leave this earth before you are ready. If you have young children then you want to make sure that they are cared for by someone that you really do trust and so once you have figured out who exactly that is, you can talk to your lawyer to make sure that everything is in place to protect them.
It Helps to Avoid Disputes
Anyone with any life experience will always tell you that when it comes to money and family, they just don’t mix. You want to make sure that all of your dependents get what is due to them and that you don’t leave a situation where family members have to fight with each other to get a slice of your estate.
You can Plan your Own Funeral
While you might think that this is quite morbid, it is important that you get the send-off that you want and that you rightly deserve. We all want to leave our mark on this world and so by leaving instructions in your final will, you can take away the hard decision when it comes to whether or not you want to be cremated or buried. This is a really difficult decision to leave up to your family members and so by putting it down on paper using a solicitor, you are laying out your preferences for all to see.
You Get to Avoid Intestacy
If you are unfamiliar with this concept then you should know that if you die without leaving a will then your whole estate will be distributed according to a specific set of rules set out by the Australian government. This means that your property and money will be divided up in a certain way and this may not reflect your last wishes.
It may lead to a certain dependence on necessity and it may lead to family fighting as well. This is not the kind of memories that you want to leave behind after you’re gone so it makes perfect sense to do the right honourable thing and to speak to a solicitor to get a will drawn up for you.
It is the responsible thing to do to talk to a lawyer about your last will and estate. This is an incredibly considerate thing that you are doing and not only are you making sure that your wishes are followed but you’re also making sure that the ones that you love are taken care of.
You probably haven’t thought about this yet but if you have any pets then you need to consider what is going to happen to them after you are gone. You can actually put into your will who you trust to take care of them and you can leave a modest amount of money so that they can do so.