±A - Subscribe to Our Newsletter
Our monthly newsletter contains health and financial news, expat articles, social media recommendations and more.
±A - Join Our Community
±A - Read Our Guide
±A - Compare Quotes and Save
±A - Listen to the Podcast
±A - Expert Financial
±A - ExpatFocus Partners
WillsBack to top Back to main Skip to menu
Australia - Wills
There are a number of different things that can be included in an Australian will. These include property such as houses, money, cars and antiques. The will can also detail who can be appointed as trustees and who the executor should be. There are some items which cannot be included in a will such as life insurance and superannuation. These usually have a nominated person on the policy who will receive the assets in the event of the death of the policy holder.
There are no restrictions as to who you can leave your property to. It is possible to leave items and monies to charities and other non-profit organisations. When you leave your property to a person who is under the age of 18 it will have to be held in trust until they come of age. It should also be noted that if you leave any debts these will also be passed on to your beneficiaries. Those to whom you owe money will be able to make a claim on your estate if they can prove that you owe the money. If you make it clear in your will that you owe the money and that it is to be paid out of your assets before the estate is to be divided up.
It is not essential to have a will drawn up by a lawyer and you can simply handwrite your wishes if you prefer. There are a number of regulations which need to be met though. A will is only acceptable if it is in writing. Wishes that have been transmitted verbally are not legally binding. The will must be signed and if the document is long it will need to be signed at the bottom of each page. The will must be witnessed by two people who are not mentioned in the will.
Even if there are errors in the formalities with the will it may still be verified by the courts if they are happy that it represents the true wishes of the deceased. You can easily write the will yourself but it is always a good idea to have it checked by a lawyer. There are a number of reasons why using a lawyer to prepare your will is better, for example if you have a large family and want to divide your assets among them all.
Read more about this country
Expat Health Insurance Partners
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.