Why use easywill?

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Why use easywill?

If you are looking for a simple, low-cost solution for preparing your Will, easywill.com.au enables you to prepare your Will online for $25. With easywill you can:

  • nominate your beneficiaries and give specific gifts
  • specify guardians for your children
  • provide details of your Executor and funeral arrangements.

Other benefits include:

  • storage of your Will in a secure facility where AET is appointed Executor
  • free check of the Will to ensure it has been signed correctly
  • regular reminders to update your Will.

Easywill is backed by one of Australia's leading providers of estate planning services.  

Options for preparing your Will

Depending on the level of service you require and your needs, we offer a personalised estate planning service including Will preparation or a simple online Will service.

Online Will

Our online Will service, easywill.com.au, provides a simple Will solution for those whose situation is not complex.
Regardless of whether you are married, in a de facto relationship or single (which includes never married divorced and widowed) you can choose to leave your estate to either your spouse, partner, children, grandchildren or other beneficiaries.

All of our services can be offered in consultation with your financial adviser, or you can access these services by calling us on 1800 145 742 Monday to Friday 8.30am - 5.00pm AEST.

About Wills

A Will directs the distribution of your assets to your beneficiaries in line with your wishes. It also allows you to:

  • appoint an Executor of your choice
  • appoint a guardian for any minor children
  • make specific gifts to charities.

Why you need a Will?

Consider the years of hard work it has taken for you to build your assets (known as your 'estate'). A Will is about providing for the future of your loved ones. Dying without a Will can be costly and stressful at what is an already difficult time.

Having a valid Will in place will ensure that when you pass away your estate will be distributed amongst your loved ones in line with your wishes.  If you don't have a Will, your estate is managed by a person called an administrator. The administrator may be a family member but often a government trustee will be appointed to administer your estate. Without a Will, legislation will dictate how your assets will be distributed after your death and even who will look after your children, if they are still minors.

You can also use a Will to appoint a guardian to look after your children until they are old enough to look after themselves.

Having a Will gives you the opportunity to nominate an executor (the person who will take charge of your affairs after your death).

Who should have a Will?

Everyone over the age of 18 should have a Will. There are also certain times in your life when it is particularly important to make a Will if you do not already have one, or revise your existing one, such as:

  • marriage - as marriage revokes any pre-existing Will
  • separation
  • Divorce - divorce does not automatically revoke an existing Will
  • if you are in a defacto relationship
  • if a person named in your Will dies or becomes incapacitated
  • purchase of a significant asset (such as a house)
  • if you get involved in a new business
  • if you change your mind about one of the beneficiaries

Husbands and wives need separate Wills. However, they can have the same terms but just in reverse (hence the term 'mirror' Wills).

What happens if you die without a Will?

Dying without a Will is referred to as 'dying intestate'. If you die intestate, government legislation ('intestacy rules') will determine how your assets are distributed. Intestacy rules are complex and can result in your assets being distributed against your wishes.

Intestacy rules determine the distribution of assets based on what family you have left behind, even if they would not have been your chosen beneficiaries. The distribution is based on which family members survive and is also partly dependent on the amount of your estate.

For example, first in line to receive your assets upon your death will be any surviving spouse and/or child – so if you separate from your spouse permanently, and no longer want them to be a beneficiary, make sure you update your Will. Don’t let the phrase ‘over my dead body’ become a reality. Remember that the intestacy rules only relate to an individual’s assets, not assets that are jointly owned. If an asset is jointly owned, it will automatically go to the surviving spouse.

Defacto no Will?

Without a valid Will, your de facto may not receive any of your assets.

Dependants no Will?

Your assets will be frozen until an administrator is appointed. Not having a Will can delay this process. Remember that anyone financially dependent on you will not have access to your money and therefore have no income to live on until an administrator is appointed, regardless of their financial need.

Children under 18 no Will?

What happens if you both die? Who will look after your children? Having a Will allows you to nominate guardians to look after your children until they reach an age when they can look after themselves (which you can decide).

Other things to consider

Superannuation is an important issue. Some assets may not be distributed in a Will, such as superannuation or life insurance. If you have a superannuation entitlement, make sure you understand where the proceeds will be paid on your death.