The majority of people who need a will have simple requirements and our will kit produces a perfectly valid, unambiguous, plain English, legal will across the Australian states and territories. Using a will kit, rather than a solicitor, to prepare your will is inexpensive, fast and straight forward.
However, there could be issues if your situation is complex. You may have a family situation with one or more ex-partners, children from more than one relationship, family trusts, complex business arrangements, and so on. Our will kit allows you to create a valid will for most situations, but, if in doubt, we suggest you consider using an estate planning solicitor instead.
The executor you choose should have enough competence to manage the financial matters of your estate, such as clearing any taxation and other liabilities, and correctly apportioning the remaining estate to your beneficiaries to suit your wishes. Your chosen executor should be expected to outlive you. If they die before you, then you should change, re-download and re-sign your will to nominate another executor. It is a wise move to appoint more than one executor. My Will Online allows you to appoint more than one executor and to determine how they should act - jointly, or alone (the first surviving executor in your list).
If you do not adequately provide for your spouse (including de-facto spouse) and all your children (including step children), they may be able to legally contest your will. So, it is important to be clear about what you wish to leave to whom. The My Will Online process requires that you define all your beneficiaries by name (and relationship), so that, when you leave a gift or share of your estate to them, they are explicitly named.
Removing any ambiguity from your will makes it less likely to be successfully contested.
If you have a trust or company that owns assets that you would like to distribute to your beneficiaries, then we strongly recommend that you do use a solicitor who is knowledgeable about complex estate planning. You will pay significantly more to have your estate planning documents setup, but it will save problems after you have passed.
Under current superannuation law in Australia, the trustee of your superannuation fund has the discretion and obligation to decide who will receive your super and your insurance benefits. You may have made beneficiary nominations when you setup your fund contributions, however, these nominations are not binding on the trustee.
The trustee of the super fund will distribute your benefits amongst your dependants and your estate in whatever way it believes is fair and reasonable. They will take into account the nomination you completed on your application form (these nominations are not binding unless you make what is called a Binding Nomination).
To make sure that your superannuation and associated insurance benefits are included in your estate (and therefore subject to the wishes in your will) you need to make a Binding Nomination. You will need to contact your super fund to make a Binding Nomination.
To minimise the success of any legal challenges to your will, make sure that you adequately cater for all your dependents in your will, and if you wish to leave gifts or a share of your estate to a non-dependent (a friend, a carer, a charity), then include your reasons for leaving the gift or share. It is often family members that contest wills, so be clear about who gets what and why.
For a will to be legally valid in Australia, the following conditions need to be met:
All wills created at My Will Online have space for the will maker and the two witnesses to sign each page. The final signature page has space for the full name and address of each witness.