A cost guide to making a will

Costs to prepare a will vary depending on several factors, including: 

• how extensive your estate is
• the structure and nature of your assets
• how simple or complex your wishes are for the distribution of these assets

As a price guide, NSW Trustee & Guardian charges a set fee of around $330 to create a will, and $220 for updates to wills they create.

However, their will preparation services are free for people eligible for a full Centrelink age pension, including people receiving other government benefits, such as a Department of Veterans' Affairs pension, who would otherwise be eligible for a full Centrelink age pension.

You may also want to consider:

• do it yourself kits, which start at around $50, but it's strongly recommended you get it checked by a professional to make sure it's accurate and valid
• online services, which are reviewed by a legal expert, can cost from $200 to $400 or more, with an annual subscription for ongoing updates
• solicitors, who can charge from a few hundred to several thousand dollars or more, depending on your circumstances