As we come to the end of September it’s worth a final reminder that this was Wills Month, a time to revisit or establish that crucial document that safeguards your legacy.
Surprisingly, nearly half of all adult Kiwis have yet to create a Will, a decision that can have far-reaching consequences for their loved ones and cherished causes. So what is the significance of Wills Month and why should you consider making or revising your Will?
For many, the prospect of drafting a Will can be daunting. The notion of planning for a future without us in it is often shrouded in discomfort and superstition. This apprehension, combined with the busy pace of modern life, may explain why so many people procrastinate when it comes to this critical task.
However, creating a Will is not just about the inevitable end; it's a means of ensuring that your wishes are honoured, your loved ones are cared for, and your assets are distributed as you see fit. A Will allows you to specify who should receive what, providing clear guidance that can alleviate stress during an already emotionally challenging time. It's a final act of love and responsibility that can provide tremendous peace of mind.
Wills Month serves as a timely reminder to consider leaving gifts, or bequests, to the causes and organisations that hold a special place in your heart. After you've provided for your family and friends, your Will can become a testament to your values and passions. Whether it's a local charity, a cultural institution, or an environmental organisation, a bequest in your will can make a lasting impact and support the causes you care deeply about.
As a Charitable Company, Kerikeri Retirement Village relies heavily on such bequests. You’ll find more about this under the ‘Donations and Bequests’ tab on our website.
So why is it that so many New Zealanders are yet to create a Will? I believe that, in addition to the emotional barriers I referred to earlier, several factors contribute to this:
Procrastination - many people simply put off creating a Will, assuming they have plenty of time ahead. However, life is unpredictable, and having a Will in place ensures your wishes are known, no matter what the future holds.
Misconceptions - some believe that their assets will automatically go to family members. However, New Zealand's laws dictate how assets are distributed in the absence of a Will, and these may not align with your preferences.
Cost concerns - people may worry about the cost of legal assistance to draft a Will. While there are DIY options available, consulting a lawyer can help ensure your Will is comprehensive and legally sound.
In conclusion, Wills Month is a timely opportunity to tackle an essential task that often lingers on our to-do lists. Creating or updating your Will is a tangible way to leave a lasting legacy that reflects your values and priorities. So, take a moment while we’re still in September (just!) to ensure your legacy is secure, and your loved ones are taken care of.
