The importance of crafting a will

• By Kelly Jones, Partner at Franklin Law

A will is the essential warrant of fitness for your life, ensuring peace of mind and protection for your loved ones.

Most vehicle owners understand the necessity of keeping their car up to standard. A warrant of fitness and insurance are essential safeguards, ensuring safety, protection, and peace of mind.

In many ways, having a valid will serves the same purpose for your personal affairs. A warrant of fitness confirms that a car is roadworthy and fit for use.

Similarly, a will ensures that your financial and personal matters are in order when you pass away.

Without one, your family may face unnecessary delays, disputes, and additional costs at a time when they are already under emotional strain.

Instead of your wishes guiding the distribution of your estate, the law decides — often in ways that may not reflect your intentions.

Insurance provides another useful comparison. We insure our vehicles not because we expect accidents, but because we recognise the importance of being prepared. A will works in much the same way: it offers certainty, clarity, and security for those you leave behind.

It allows you to decide how your assets are distributed, who will act as executor of your estate, and, if you have minor children, who will be responsible for their care.

Ultimately, preparing a will is not about dwelling on the inevitable, but about acting responsibly. Just as you would not risk driving without insurance or a warrant of fitness, it is unwise to leave your estate unprotected. It is also vital that your will meets strict legal requirements to be valid.

Failing to correctly identify your assets and without careful drafting, a will can be challenged, declared invalid for uncertainty, or delayed in order to correct errors. By seeking professional advice, you gain peace of mind knowing your will is legally sound, tailored to your situation, and designed to protect those who matter most.

Don’t leave your legacy to chance — let us help you put the right asset plan and will in place today.

For more information visit www.franklinlaw.co.nz.