Daily BulletinDaily Bulletin

Daily Magazine

  • Written by News Company

If you've decided that it's time to plan ahead and think seriously about your future and the future of your assets, it's the right time to put together your last will and testament. 

Having something in place that can guide where your assets are going and how they'll be looked after when you’re gone is an important part of setting up your affairs. It's not a matter of being doom and gloom. But the truth is, your last things have to be a priority, and we want you to be as organized as you possibly can.

Thinking about making your will but not sure where to start? Here's everything you need to know before writing a will:

* Your dependents are going to need a guardian.

If you have kids, this is your most vital concern. You need to know who is going to be named as their guardian in your will and who will be responsible for their health and wellbeing. 

Choosing a legal guardian doesn't have to be a complicated process, but it should be one that you take seriously. Your children will need to have a guardian who can provide for their needs, take care of their health and wellbeing, and, in some cases, give them a home.

*  All your assets need to be accounted for.

If you're planning on leaving specific assets to different people, you need all of those assets to be accounted for and ensure that their distributions are clearly defined and decided in your will. If you don't declare what you own and where it should go, you're not going to be able to guarantee that your wishes will be fulfilled. 

List everything that you own and try to be as thorough as possible, so you aren't creating problems down the track. The more detailed you can be, the more secure your assets will be.

*  You need to appoint an executor.

Your will doesn't just happen automatically. You need to nominate an executor who will ensure that it's followed.

The executor should take care of settling your affairs, see that everything is distributed the way you've decided, and be responsible for the right people being involved and receiving the right inheritance. 

The executor's role is absolutely vital in this process; thus, choosing one should be considered carefully. You want someone who is financially astute, reasonable and dedicated. A lot is going to depend on them doing their job right.

Nowadays, you can also look for an executor easily and conveniently through websites like willed.com.au. All you need to do is just make sure you find a reliable and legitimate one to handle your bequests.

You need to identify all your beneficiaries.

If you have a cause, a pet, a child, a friend, a family member, or a spouse who you want to be included in your affairs in a specific way, you have to identify who they are and make sure it's as clear as possible.

Your beneficiaries aren't going to be assumed. If you don't take the time to think about who should inherit your assets or who needs to be taken care of, there's a good chance that nobody else will either. 

This should be a process where you are detail-oriented and where you make sure your will is looking after what's actually important in your life.


Writing a last will and testament is, oftentimes, what most people overlook. Sometimes, unforeseen circumstances don’t give them the chance to leave their declarations either. In return, this causes major conflicts and ruckus among the family members.

Hence, you should treat these documents as essentials and a priority regardless of your age. For a starter, you can talk to your lawyer and discuss what you want. Keep these tips in mind; they will come in handy when you’re ready to make a declaration.


Smaller pack sizes from today: could new opioid restrictions stop leftover medicines causing harm?


Turn off the porch light: 6 easy ways to stop light pollution from harming our wildlife


Australia's first service sector recession will be unlike those that have gone before it


The Conversation


$1.8 billion boost for local government

The Federal Liberal and Nationals Government will deliver a $1.8 billion boost for road and community projects through local governments across Australia.   The package of support will help lo...

Scott Morrison - avatar Scott Morrison

Scott Morrison press conference

PRIME MINISTER: This is a tough day for Australia, a very tough day. Almost 600,000 jobs have been lost, every one of them devastating for those Australians, for their families, for their commun...

Scott Morrison - avatar Scott Morrison


Local economic recovery plans will help towns and regions hit by bushfires get back on their feet as part of a new $650 million package of support from the Morrison Government.   As part of th...

Scott Morrison - avatar Scott Morrison

Business News

An Increasing Demand Of Corporate Function Venues In Melbourne

With an increasing culture of corporate function venues Melbourne, there is a rising competition among professionals. In order to appreciate and honour hardworking employees, corporate owners gi...

News Company - avatar News Company

How to effortlessly promote your business

You've worked hard to build your business from the ground up, and as any successful entrepreneur will tell you brand promotion is everything. Not only do high-quality promotions build a sense of...

News Company - avatar News Company

Hotdesking might not be ‘dead’ after all

According to Christian Pistauer, Workplace Strategy director of Meta5 Group in Australia, COVID will dramatically change the commercial real estate sector in Australia for many years to come. ”...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion