The importance of a will and why you should have one

So you find yourself stuck at home albeit home along, with your flat mates or family and now all you are hearing about is how many deaths have been caused by Covid 19 and that this could continue for the next 6 months…

You then think of all the important things that are happening with your job, your goals for 2020 and who will come out of this on top. I’m sure most of us thought that 2020 would not be this!

There is one thing that still over 60% of all Australians are yet to do and that is make a Will. Now regardless of what comes first in your life marriage, a family or real estate if you are over the age of 18 you do need a Will.

There is no better time than now with all the social distancing to be clear about our thoughts and wishes and get this in place. I know a lot of you think that death is a long way off and you’re right for most of us it is however, do you want to leave it up to a stranger to decide what happens to your family, pets and assets if you pass without a Will? I know I don’t.

Think of it this way if you have 2 tickets to the best show on earth should it be you who decides who decides who gets to go or someone else that you have never met before???

Here are some typical questions to think about when making a Will:

• Who will look after your children or your fur babies (pets) in the event you pass?

• Who should have your basketball collection?

• Which daughter is going to have your engagement ring?

• Where or what are all the login details of your accounts if they are not kept in a centralised location?

It’s not just the legal words that matter but you and your thought about your life and why you have chosen the outcomes you have.

And this is where Reel comes in we are about humanising the process of your Will.

There are just 7 simple questions that form a standard Will and we put them to you in a questions and answer video format. It is then complied together to create an informal digital video Will and is stored securely until it is needed.

If you want to take the next step and make it a legally binding Will we can also help there by referring you to a local solicitor who will review your informal digital video Will and convert it into a legally binding one.

You can download Reel for free on the App Store or if you are on android go to our website reelgram.com to get notified of our play store release.

This article via Reel is not a paid partnership and does not constitute advice; readers should seek independent and personalised counsel from a trusted adviser that specialises in property, a tax accountant and property design specialist.