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Home Personal Finance

Coronavirus has even changed the way we’re sorting out our wills. Here’s why

Trade News by Trade News
April 17, 2020
in Personal Finance
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Coronavirus has even changed the way we’re sorting out our wills. Here’s why
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Updated

April 18, 2020 10:10:29

A mother and father are holding hands with their young kids, walking along the footpath past a building. They look happy.
Photo:

Your will should include the name of a guardian to care for any children you may have. (Pexels)

It may seem morbid, but now, more than ever, many of us are sorting out our life admin — and that includes writing our wills.

Never a simple task to begin with, some lawyers say social distancing restrictions have added to the unique complications and challenges faced when putting a will together.

You asked how sorting a will out would even be possible if you can’t physically meet with a lawyer and witnesses.

So the ABC’s Personal Finance team looked into it.

First things first: Do I only need a will if I’m rich?

A will is a legal document that sets out where your assets will go and who looks after your kids when you die.

So, as soon as you have any amount of savings, an asset like a house or a…



Source Google News

Tags: changedcoronavirusHeressortingWills
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