We All Have Something to Leave Behind – Why Not Make It on Your Terms?

We All Have Something to Leave Behind – Why Not Make It on Your Terms?

People come up with any litany of excuses as to why they shouldn’t prepare a will. The reality is that almost every single one of us has something to leave behind, and people we love who will carry on our legacy. Preparing a will is the greatest gift that you can give your family upon your death to prevent further grief and conflict.

So, why are people still not following through on preparing a will?

1. I’m superstitious, which makes me believe that if I make a will, I am consciously bringing bad luck on myself that could result in my death.

There is no research to suggest that anything about this is factually proven. Simply making a decision to plan for your future does not warrant a death wish. Focusing on the future of your loved ones may help change your perspective on the matter.

2. I’m not ready to make a will yet. I am young and healthy, so why would I need to worry about that now? I will wait until I am old.

The younger generation is currently more affluent than previous generations. The Internet has opened up opportunities for younger generations to amass larger amounts of money, attain property, and start families. Unfortunately, you cannot predict when something terrible could change your life forever, regardless of your age. You are never too young to take care of your assets in the event of your death. A will can always be amended later to affect life’s changes.

3. I don’t have anything to leave behind.

It is worth it to explore this excuse with a professional. There are several kinds of assets that may not be worth something to you right now, but could provide substantial security to a loved one upon your death. Many people don’t realise what assets they have. Life insurance, property, superannuation or pension benefits, work-related death benefits are all things that we may overlook.

4. I can’t afford to have a will prepared.

Wills are not expensive. On the other hand, dying intestate (without a valid will) is quite expensive. Legal costs involved when someone dies without a will are routinely several thousand dollars more than someone who dies with a will.

5. I don’t have time to visit a lawyer.

All of my appointments are by home visit – hence the name of my law firm ‘Wills At Your Home’. I travel to the client, rather than having clients come to my office in the city. The furthest my clients travel is a few metres from their couch to their front door to let me in!

I offer appointments after hours and over the weekend, so the client can choose the time that suits them best. This could mean after you have put your children down for bed, or in the morning before you go to work. I try to make the process of preparing your will as convenient as I can. The elderly and/or the disabled benefit from a home visit service due to their limited mobility and reliance on carers or family members to take them to appointments. Taking instructions for a will takes approximately one hour, which is about the same time as it takes for someone to watch their favourite television show. On top of that, if you have children, you do not need to worry about entertaining them in a small, not child-friendly law office, but rather, can keep them occupied in their familiar space.

6. It’s too hard. I don’t know where to start.

Making a will is a wonderful opportunity to get your affairs in order. Working with a professional can help you to make sense of your assets, and determine how to best support your family once you are gone.

It is ultimately up to you whether or not you make a will, but this post shows the holes in many of the most common excuses people make as to why they don’t prepare a will. Consider the people that love and count on you, and the ways that you can help comfort and assuage them in their grief even after you are gone.

 

Liability limited by a scheme approved under Professional Standards Legislation