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ARTICLE · 09 DECEMBER 2014

Will you save money by using a DIY Will Kit?

DIY Will Kits may seem cheaper and easier to complete, but the implications of an incorrectly drafted Will could be dire.

AustraliaFamily and Matrimonial

We have all heard of the common scenario, of DIY kits, such as DIY renovations, at the outset they seem cheaper and easier, but if you drill into a water or gas pipe, then you have to engage the professionals to rectify the situation, which will cost you more in the long run.

The same situation applies to Will Kits, whilst they may be cheaper and what seems "easier" to complete than seeing your lawyer, the implications of having an incorrectly drafted Will could be dire.

The most common problems that arise from Will Kits relate to a will maker's lack of understanding of Succession Law, the formal requirements for ensuring the Will is valid and that the gifts in the Will do not fail.

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