Some people may choose not to engage a solicitor to draft their Will and instead do it themselves. This is usually done because they believe this is cheaper and less time consuming. However, drafting a ‘homemade Will’ is risky.
Risks associated with homemade Wills
Some of the reasons homemade wills are considered risky relate to:
Formalities - There are strict formalities that must be carried out when drafting
Importance of Making a Will
We have all read about high profile family estate battles, like those that followed the deaths of mining magnate Lang Hancock and prominent businessman Richard Pratt. However, there are many other cases involving ‘ordinary’ Australians that do not get picked up by the media but which are equally emotionally and financially draining. To avoid these situations it is important you make