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Learn more about Wills

Know the terms

  • What is a Will?
    A Will is a legal document that details what you’d like to happen to your estate. It helps ensure your assets are protected and enables you to appoint a guardian for your children.
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  • What is an Executor?
    An Executor is the person or organisation you appoint to carry out the wishes in your Will.
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  • What is a beneficiary?
    A beneficiary is a person or other legal entity (e.g. a charity) that receives a benefit from the deceased estate.
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  • What does intestate mean?
    Dying intestate means a person has died without a valid Will. State and Territory intestacy law then determines how an estate is to be distributed using a set formula.
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Before you get a Will

  • When should I make a Will?
    It’s a good idea to review your Will when there have been significant events in your life, or every 2 to 3 years, to ensure it still meets your requirements.
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  • Why do I need a will?
    Your will is your voice after you’re gone. It tells people what you want to happen to your assets after you die. The clearer your instructions, the better it is for the people you leave behind.
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  • What happens if I don’t have a will?
    If you die without a will, you die intestate. Being intestate means that the laws of the state or territory you live in will decide how your assets are managed and distributed. Your assets are your property including belongings that have value like a house, car and bank accounts.
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  • How is a Will revoked/cancelled?
    In Victoria, a Will may typically be revoked or cancelled by destroying the will, or creating a new will.
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After you get a Will

  • Where do I store my Will?
    The Victorian Will and Powers of Attorney Registry is an initiative offered by State Trustees. It is a safe place to store your Will and Powers of Attorney documents. It is free for anyone who lives in Victoria.
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  • How often should I review my Will?
    It’s a good idea to review your will when there have been important events or changes in your life, or every two to three years. This makes sure it still meets your needs.
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  • When should I update my will?
    An up-to-date will helps ensure the essential people in your […]
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Not sure where to start with Wills?

We're here to help every step of the way

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