Storing and updating your will
Storing your will in a safe place, as well as letting your executor, beneficiaries and family know where it’s located, is vital.
A will serves no purpose if its existence is unknown
Keeping it at home risks your will being lost, damaged or stolen. If a will can’t be located, the risks can include:
- your assets won’t be distributed as you intended
- there could be additional legal costs incurred after your death
Many people choose to store their will with their solicitor. There are also safe-storage services, including that offered by NSW Trustee & Guardian.
Reviewing your will
It's recommended to review your will every 5 years or whenever there's a significant event or change in your life.
In these situations, the terms of your will may be impacted so it's important to ensure it reflects your current circumstances.