Create your Last Will and Testament
LifeDocs Will
$39.00 AUD
The LifeDocs Will is an important estate planning document that gives you the ability to set the way in which your estate is to be distributed after you pass away.
Your LifeDocs Will grants your executors the necessary powers to deal with your estate. These powers include granting gifts and charitable donations from your estate and then dividing the remainder of your belongings equally amongst your beneficiaries.
Once you’ve completed our LifeDocs smartform, you will instantly be issued with a ready-to-sign PDF copy of your custom LifeDocs Will. We will also send you an email with it attached.
If you have any questions about the LifeDocs Will, please reach out to our LifeDocs Team.
Jurisdiction
The LifeDocs Will may be used in:
- Australian Capital Territory
- New South Wales
- Northern Territory
- Queensland
- South Australia
- Tasmania
- Victoria
- Western Australia
Features
The LifeDocs Will lets you:
- choose up to 3 executors to administer your estate
- make up to five gifts of specific belongings to individuals
- make up to five gifts of money to friends and family
- make up to five charitable donations
- divide the remainder of your estate equally between up to five beneficiaries
- name up to two guardians of your children whilst they are under 18
- choose whether you want to donate your organs
- decide what happens to your body
- exclude certain people from benefitting from your estate
Sample
FAQ
Most frequent questions and answers about the LifeDocs Will
A Will is a document that says what you want to happen to your money and property when you die. You can also leave instructions in your Will for other things, like the care of any children you may have and for what you want to happen to your body.
Having a plan can give you peace of mind and ensure your loved ones are provided for.
Once you turn 18, it may be an appropriate time to consider preparing a LifeDocs Will.
Wills are particularly important if you have:
- significant assets like property, shares or cash;
- received an inheritance;
- children; or
- a blended family.
When preparing your LifeDocs Will you will be asked to answer a series of simple questions.
Before starting you need to know the names and addresses of any people to whom you want to leave property, money or other items after your death.
You will also need to know the names and addresses of any people you want to name as executors. Executors are people who carry out the directions in you will, so they should be people you trust.
The LifeDocs Will allows you to make choices about the following:
- who you want to administer your will.
- what you want to happen to your property, money and any other items.
- who you want to care for your children, if you have any.
- what you want to happen to your body after you die.
If these options meet your needs for a Will, that’s great! Start making your LifeDocs Will whenever you’re ready.
However if you feel that LifeDocs’ options are too simple or don’t meet your needs, then unfortunately, the LifeDocs Will may not be right for you.
Please consider your circumstances and requirements for a Will carefully. If you are unsure of what you need in your Will it may be best to speak with a legal professional.
Once you have finished preparing the LifeDocs Will you will be able to download your ready-to-sign custom LifeDocs Will as a PDF. We will also email you a copy of your LifeDocs Will to the email address you provide.
Be sure to read the included simple instructions for signing and storing your LifeDocs Will to ensure that your LifeDocs Will is valid and can be found when needed.
You should consider updating your LifeDocs Will when your circumstances change in life.
Such circumstances include:
- your relationship status changes through defacto relationship, marriage, divorce or
separation; - you buy or sell of a significant asset, such as, a home or business;
- you have a child or grandchild;
- you have received an inheritance;
an executor or beneficiary identified in your LifeDocs Will passes away; or - you wish to change an executor or beneficiary identified in your Life Docs Will.
The executor’s role is to compile the deceased’s assets, pay any outstanding debts or taxes, and distribute the remaining assets according to the deceased’s instructions as outlined in their Will.
Generally, the executor will be a family member of the deceased, but in some instances a lawyer or accountant might be appointed to undertake this role.
To ensure your LfeDocs Will is valid, you and two independent witnesses will need to sign the document in front of each other.
Your witnesses do not need to be a justice of the peace or a prescribed professional. They could be friends or colleagues but it is essential they must not be mentioned in the Will or likely to benefit from the Will as this could invalidate the document.
Every LifeDocs Will includes an instruction page with further details on how to have your LifeDocs Will witnessed to ensure its validity.
Once making a LifeDocs Will and having it signed and witnessed, you should carefully consider where your LifeDocs Will is to be stored for safekeeping.
You should consider notifying the executor of your LifeDocs Will and your beneficiaries that you have made a Will. A copy of your completed LifeDocs Will should be provided to the executor and you should let your executor know where the original signed LifeDocs Will is stored.