Why is it that so many people are in denial about making provision for their death and providing instructions regarding their wishes when they die? Why are we so reluctant to make a Will?
It is reported that approx. 45% of Australians do not have a valid Will, with the consensus being that most just don’t want to ‘jinx’ themselves by considering the issue of death. However in the same breath, people will tell you that they have taken out ‘Life Insurance’ in case they die and have also made provision for death when they nominate their ‘Estate’ as the beneficiary of their superannuation fund, yet none of that works if you don’t leave a Will. Who will receive the proceeds of your Superannuation, Life Insurance and assets/possessions when you die?
How do we make sense of this and how do we change behaviour? Don’t assume that ‘without a Will’ everything will just automatically go to your spouse or family. It may seem logical, but it’s not necessarily the case once lawyers and ‘Trustees of Superannuation Funds’ get involved with an estate where the individual has died without a Will, otherwise known as ‘intestate’.
If you don’t make a Will, you are probably going to make a bunch of lawyers rich and possibly bequeath a lot of your money to the Government instead of your family. Do the unselfish thing, look after your family first and don’t leave them with the additional stress and costs of a legal minefield, on top of the grief that may accompany your demise.
So please, for the benefit of those left behind, just sort it out and finalise your estate matters; make a Will. Do it now and then forget about it so you can get on with the business of living with a little ‘peace of mind’ for you and your family?
While you’re at it, also make provision for those situations where you are alive but are incapable of making decisions for yourself due to health and sickness, either temporarily or permanently. Have the comfort of knowing that you have made provision for your family or loved ones to have control and manage your ‘health care’ and ‘personal affairs’ when you cannot.
That’s a far better outcome than doctors, lawyers and judges taking over (for large fees) and making decisions on your behalf that may never have been your wishes or those of your family. It would be nice to know that your family and those who have your best interests at heart are making important decisions for you instead of a bunch of people you probably don’t know or possibly have never meet.
Just do it, so everyone can rest in peace…Yes, and while you’re at it, donate your organs. I guarantee in perpetuity that you won’t need them.
12th November 2016