Can you create an effective will without seeking legal advice?

Arty wants to know if he can create a will without the help of a lawyer.

Creating a will without legal help?

Estate planning lawyer Rod Cunich offers guidance to Arty, who wants to know if he can create a will without seeking legal advice.

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Q. Arty
I'm a fellow who has lived outside Australia much of my life. And this time it's been 10 years. I'm getting older and concerned about what would happen to my nest egg should I die.

Can I write a will and leave it in a special place among belongings? I keep on seeing here in YourLifeChoices that I would need to have it done in Australia with a solicitor.

I am thinking to come back at some point soon. Could it be done anywhere in any state given that I come from Sydney originally? Would I simply front up to a solicitor? Is there no way to avoid a solicitor? If not, what would the solicitor's fees look like?

I don't have a big nest egg, but it is enough for me that it goes where I wish.

I know this may sound a bit naive, but that is actually the truth of it. I've lived overseas for so long and don't have Australian connections. I believe I will not be able to draw a pension because I have read you have to be residing in the country for 10 years before you can receive it.

A. Arty, many people do successfully complete a (do it yourself) DIY will kit and produce a valid will. In the main, they are people who have small or modest wealth, have uncomplicated family affairs (e.g. no blended family), no taxation complications surrounding their deceased estate and manage to find their way through the technical requirements of drafting a will and executing it.

Putting aside the fact that a significant number of people who do DIY wills get the technical issues wrong, the bigger difficulty is assessing whether you have personal and/or financial affairs that require specialist attention when drafting your will. None of us know what we don’t know, and if you make a mistake it won’t be discovered until it is too late to fix it, as you won’t be around.

I’d recommend you at least seek advice from an estate planning lawyer about your needs. If you only need a simple will then you have the option of engaging a lawyer to do it or doing a DIY version.

If, however, you need special clauses in your will because your affairs are not covered by the very generalised clauses found in DIY wills, then you’ll have to engage a lawyer to draft a will for you.

I know very little about your affairs, but the fact you have lived/worked overseas suggests to me that it is essential that you find out, before drafting your will, whether you need to address the potential myriad of taxation and succession issues that can arise due to:

a) being a tax payer in another country, and/or

b) owning property in another country, and/or

c) having beneficiaries who might live overseas.

Some countries have taxation and succession laws that will impact how your estate will be administered in Australia, while others don’t.

Engaging a lawyer may cost you money at the outset but could save your estate significant sums in the long run. Types of will can vary from cheap DIY kits (from about $50) through to lawyer assisted wills (from about $400) through to much more expensive options for a complex will required by complex situations.

Regardless of the cost, you should aim to achieve value for money, and this means having a Will that is suitable, not one that is merely cheap.

You can prepare a will in any Australian state or territory and it will be effective throughout Australia. On your death, however, probate must be obtained in the jurisdiction/s in which the property is located.  

This answer is general information only, not specific legal advice. You should not rely on it without specific advice from an expert who can review all the relevant documents and circumstances.

Rod Cunich is a lawyer with more than 30 years’ experience in estate planning. If you have a question for Rod, email it to newsletters@yourlifechoices.com.au.

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    Disclaimer: This information has been provided by Rod Cunich and should be considered general in nature. Seek legal advice before acting on this information.





    COMMENTS

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    MICK
    28th Sep 2018
    9:53am
    I find it interesting that you entitle this blog as 'Ron Cunich Inbox'. I've had some questions in the past but Ron Cunich never responds. Maybe its the questions but likely all that these blogs are are nothing more than blatant advertising.
    casey
    28th Sep 2018
    10:31am
    Post your questions here Mick. If Rod Cunich doesn't reply I'm sure everyone else will.
    PlanB
    28th Sep 2018
    10:34am
    Just NEVER have the public trustee to do your will they don't charge to do your will but boy they take a BIG % of your assets after you die

    Always wise to have 2 witnesses sign your will too -- and neither are to be mentioned IN your will
    greygeek
    28th Sep 2018
    12:54pm
    When signing a Will, it is recommended that all use the same pen. The two witnesses should not only sign but print their name and address and as Plan B states, neither witness can be a beneficiary. This is to prevent any argument later on, over bias, coercion, etc., my Will has been drawn up by a Lawyer and I have specific instructions in relation to my remains etc. I have left nothing for anyone to have to "plan" or decide. Trying to make things as simple as possible
    Old Geezer
    28th Sep 2018
    1:23pm
    I always have a laugh about witnesses signing wills in solicitors offices as in 40 years time how are they going to even find those witnesses?
    greygeek
    28th Sep 2018
    6:47pm
    Old Geezer, it matters not who is a witness, any witness could predecease you, however, there would be records of that person having lived/died/resided via electoral roll, internet searches etc., should the need arise.
    whatsupdok
    15th Apr 2019
    6:50pm
    As a citizen of 2 countries and a resident of a 3rd one, I'm perplexed if I need 3 wills drawn up legally in all 3 countries. There are assets and people to be considered in all 3 as well as life insurance policies, pensions and miscellaneous items of personal affects. I'm not married but do I have a partner with step children and biological offspring.