Making a Will for the first time: what you need to know

Making a Will for the first time can seem daunting, but it does not need to be complicated. A properly prepared Will gives you the opportunity to make important decisions about your estate and provides greater certainty for your loved ones.

Who will inherit your estate?

You can decide who you want to benefit from your estate and how your assets should be distributed.

Who will administer your estate?

Your executor is responsible for dealing with your estate after your death. This includes identifying and collecting your assets, paying debts and distributing your estate in accordance with your Will.

Do you have children?

If you have children, particularly young children, there are additional considerations. Your Will can include provisions for their inheritance and, where appropriate, establish a testamentary trust to manage assets for their benefit.

Are there particular assets or wishes you want to address?

You may wish to leave specific assets or gifts to particular people or organisations. It is important to consider how these wishes fit within your overall estate plan.

Your Will should reflect your circumstances

There is no standard Will that is suitable for everyone. Your family circumstances, assets, relationships and future plans should all be considered when preparing your Will.

It is also important to remember that making a Will is not a "set and forget" exercise. Your Will should be reviewed when your circumstances change, such as following marriage, separation, divorce, the birth of a child or grandchild, or a significant change in your assets.

This article is general information only and does not constitute legal advice. Every matter is different — speak with one of our lawyers about your specific circumstances.

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