Business
National Free Wills Week: Safewill Offers $1 Million Worth of Free Wills to Aussies
Millions of Australians are at risk of leaving behind a financial and emotional mess for their loved ones due to the lack of wills, with only half of adults in the country having one in place. An additional 20% may possess wills that are not legally binding, highlighting a widespread issue across the nation.
This concern has prompted Safewill, a prominent online will-making platform, to take action during National Free Wills Week by offering $1 million worth of free wills to encourage individuals to plan ahead and alleviate the burden on their families.
According to Adam Lubofsky, the founder and CEO of Safewill, the absence of a will often results in the distribution of assets according to state laws, which may not align with the deceased individual’s wishes. This underscores the critical importance of having a legally valid will in place to ensure that one’s assets are handled as desired.
Failure to have a will not only complicates the process of asset distribution but also raises uncertainties about the intended beneficiaries and the overall estate management. Safewill’s initiative aims to raise awareness about the necessity of wills and empower Australians to safeguard their financial legacies.
By offering free wills valued at $1 million, Safewill seeks to make the process of creating a will more accessible and convenient for individuals who may have been procrastinating or overlooking this essential aspect of financial planning. The campaign during National Free Wills Week serves as a reminder for Australians to take proactive steps towards securing their assets and protecting their loved ones.