TIPS ON WRITING YOUR WILL AND LEAVING A BEQUEST
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Create your Will with a Lawyer or in front of a notary so that it stands up in a court of law to reduce disputes
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Write an introduction and include your full name and current address at the top and include the words "Last Will and Testament" and write that this Wills revokes any previously made Wills or codicils. Testify that you are over the age of 18, of sound mind and are not making the Will under duress
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Choose an Executor to ensure your last wishes are carried out and that your money, assets and belongings are distributed to the right people, charities and organisations. Alternatively you can nominate a State Trustee
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Nominate a Guardian in your Will if you have young children or dependents
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Decide who the Beneficiaries are and what they will receive. Clearly list their full names and contact details
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Decide if you want to make a Bequest to a charity or organisation and outline what exactly you are bequeathing and the name and ABN of the organisation
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Discuss a Bequest with your family and friends to ensure there are no surprises
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Think carefully if you are planning on leaving a family member out of your Will, as the Supreme Court can override your Will if it feels that it is severely unbalanced
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When finished writing your Will, sign it in front of two witnesses, who must be over 18 and mustn't be beneficiaries or the executor. Add your full signature to each and every page and then sign and date the last page. As well as signing your Will, the two witnesses need to date and print their names and addresses on the last page of your Will, using the same pen
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Let your Executor know that they have been chosen
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Make sure your Will is kept safe and secure and can be found at all times. Give your Executor and Lawyer a copy
Information courtesy of Fundraising Institute of Australia (FIA) and www.includeacharity.com.au