Do DIY Wills Pose a Danger to Not For Profit Organisations?

Many charities and not-for-profit (NFP) organisations benefit from gifts left upon death with many charitable bequests providing NFPs with vital funds to allow them to continue. However, with the emergence of DIY wills many charities are losing out from poorly constructed, loose Wills.

DIY Wills are significantly cheaper than obtaining the services of a skilled solicitor with templates available on the high street and online. However, there is a reason for the Wills being so cheap, and such Wills can become more costly to your family, in the long run, as well as providing your family with more grief.

Danger of DIY Wills

A DIY can lead to significant errors that you will not be made aware of and your family will not be aware of until your death. DIY Wills can be effective if you have very basic living circumstances or if you are leaving your inheritance to one person. However, complex family circumstances, additional properties and much more can lead to further complications.

It is not just your family that can suffer, with charitable organisations suffering as well as a result of DIY Wills. It is estimated that half of the Wills in Australia that wish to leave a charitable bequest, however, many do so in Wills that are ineffective and do not match the needs of those the Will is created for.

There are many reasons to leave a charitable bequest, however, the best way to ensure that your will is legally binding is to have your Will reviewed and prepared by a solicitor.

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If you require the services of our solicitors to look over your Will, if you need to make a Will or if you wish to contest or challenge a Will, our team of solicitors can help. Contact us today using our online contact form.