If you have created a will, it is important to ensure that it is kept safe and secure. Below outlines the necessary steps to ensure that your will is well-preserved and communicated to the appropriate individuals if you pass away.

Storing Your Will

There are several options for securely storing your will:

1. Safe Deposit Box: Consider keeping a copy of your will in a safe deposit box, which is typically located in a bank. This provides a physically secure location for your will.
2. Trusted Family Member: Consider entrusting the original copy of your will to a trusted advisor or family member. Ensure that they understand the importance of confidentiality and handle the document with care.
3. Professional Legal Representative: Many lawyers and solicitors offer secure storage facilities for your will. This can be a good option if you prefer to have professional assistance in this matter.

Accessibility

When deciding where to store your will, an important consideration is accessibility. Ensure that your will can be easily retrieved when needed, such as during probate or other important legal procedures. 

Communicating Your Will

Sharing Your Wishes

After creating a will, it is important to communicate your wishes to the relevant individuals. This will help avoid any confusion or ambiguity regarding the distribution and management of your assets. Here are some ways to effectively communicate your will:

1. Provide Instructions: Include clear instructions on how to locate your will in your estate planning documents. This could include a passcode, the location of safe deposit boxes, or other relevant information.
2. Discuss with Family Members: Share your will with your spouse, children, and other close family members. Ensure that they understand your wishes and the reasons behind your decisions.
3. Make a Copy: Make a copy of your will and share it with a trusted friend or advisor. This will ensure that there is a second copy in case of loss or destruction of the original.

Updating Your Will

Over time, your circumstances may change, and you may want to update your will to reflect these changes. It is recommended to review your will regularly and make any necessary updates. Communicate these changes to your executor and any relevant individuals.

By following these precautions and communicating your wishes, you can ensure that your will is safe and secure. Remember to store your original will in a reliable location and provide instructions for its retrieval. Communicate your wishes to the relevant individuals to avoid confusion and ensure that your will is honoured upon your passing. TY Will and Estate Lawyers in Chatswood can gladly advise you on your will and estate planning.

TY Lawyers can guide you through the phases of will writing and disputes, whether you need a property lawyer in Chatswood or a will and estate lawyer in your local area. To learn more about TY Lawyers in Chatswood, please visit our website here.