Where there's a Will, there's a way!

As adults, there’s a few things we need to have sorted out – and a Will is one of them (yay! Exciting stuff...)

Death can be a confronting subject for a lot of us. This is totally understandable, but having an up-to-date Will in place can be one of the best ways to care for those you leave behind.

What is a Will?

Simply put, a Will is a document that says what should happen to your ‘estate’ (everything you leave behind) in the event of your death.

Usually someone is named as the ‘Executor’ of a Will. This person is responsible for ensuring that your wishes are carried out, and what you leave behind ends up in the right hands. This could be a friend, family member, or professional that you appoint.

Passing away without a Will is called dying ‘intestate’.

Why is it important?
Many people think that their assets would just go straight to their next of kin without delay, so there’s no need for a Will. Unfortunately, this isn’t the case. Dying without a Will leaves a drawn-out and costly mess for the people you leave behind, at any already very difficult time.

“I don’t have any assets, so I don’t need a Will.” – This is a common misconception that we hear from a lot of people. They forget about things like their KiwiSaver, cash savings, car, or valuable items like jewellery. All of which needs to be included in a Will. More importantly, if you have children, or pets, you need to make it clear who you wish to look after them. If you have Life Insurance (that you are the sole owner of), this would also form part of your estate.

Making a will is just a necessary part of being an adult, and as you experience changes through life, e.g., having children, getting married (or divorced), you’ll need to update it so it stays current.

Getting it sorted now could mean a lot less complication for your loved ones in the future.

If you already have a Will in place (well done to you!), please encourage your family and friends to do the same by sharing this information with them.