Planning Ahead: The Importance of Writing a Will in Australia

The Importance of Having a Valid Will

Writing a will isn’t just about distributing your assets — it’s about making sure your wishes are known, ensuring your loved ones are protected, and reducing the risk of disputes or confusion. Yet, research shows that nearly half of all Australians don’t have a valid will in place. Often, it’s something people intend to “get around to,” but the reality is that life can be unpredictable,  and planning ahead matters.

When someone dies without a will, their estate is distributed according to a legal formula. This process doesn’t always take into account the nuances of family relationships, personal circumstances, or specific intentions. It can also create delays, added legal costs, and distress for those left behind.

A clear, up-to-date will allows you to:

• Decide who will administer your estate and how it will be distributed
• Choose trusted guardians for your dependent children
• Make plans for your assets and personal belongings
• Reduce the burden on your family at an emotional time
• Ensure your intentions are carried out the way you’ve planned

Importantly, a will also gives you the opportunity to make decisions that reflect your values. Whether you want to support loved ones, recognise contributions of friends or carers, or consider the broader impact you want to make with your legacy.

It’s not the size of your estate that matters, it’s the intention behind it. Even a modest estate can make a meaningful difference when it’s planned thoughtfully. Updating your will regularly, especially when life circumstances change, is also crucial to ensure your plans remain relevant and effective.

Upcoming Event for Families and Carers: Planning for Vulnerable Beneficiaries

For families with a loved one who has a disability or other vulnerabilities, estate planning takes on added layers of consideration. The Bayley House Foundation is pleased to present a free information session on May 6^th with Jennifer Jackson, Head of Estate Planning at Wills & Wealth.

The session will explore how to plan your estate in a way that protects vulnerable family members from financial mismanagement or third-party exploitation, while also preserving access to essential supports like the disability support pension.

If you’re thinking about your will, whether you’re starting fresh or updating an existing one, this session offers practical, relevant guidance in a relaxed setting.

Click here to register, or for further enquiries contact [email protected]