Australian Will

Introduction

This document is a template for creating an Australian Will with a focus on tax and estate planning. It is designed to help individuals specify how their assets should be managed and distributed to optimize tax efficiency and ensure their estate is handled according to their wishes. This Will is prepared by [YOUR NAME], and the placeholders within should be replaced with the relevant personal or company details.

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Last Will and Testament of [YOUR NAME]

I, [YOUR NAME], of 42 Maple Street, Sydney, NSW 2000, Australia, hereby declare this to be my Last Will and Testament. I revoke all previous Wills and codicils made by me.

1. Revocation of Previous Wills

I hereby revoke all previous Wills and Codicils made by me.

2. Appointment of Executors

I appoint the following individuals to act as Executors of this Will:

• Sarah Thompson, of 23 Oak Avenue, Melbourne, VIC 3000, Australia

• Michael Johnson, of 78 Elm Street, Brisbane, QLD 4000, Australia

3. Distribution of Assets

a. Specific Bequests:

1. I bequeath my classic car collection to Emily Harris, of 9 Cedar Lane, Perth, WA 6000, Australia.

2. I bequeath my entire book collection to David Green, of 15 Birch Road, Adelaide, SA 5000, Australia.

b. Residuary Estate:

All remaining assets, including my real estate, financial accounts, and personal belongings, shall be distributed equally among the following beneficiaries:

1. Anna Wilson, of 67 Pine Street, Hobart, TAS 7000, Australia

2. Lucas Martin, of 32 Willow Crescent, Canberra, ACT 2600, Australia

4. Guardianship of Minor Children

In the event of my death, I appoint Laura White, of 88 Cherry Drive, Darwin, NT 0800, Australia, as the guardian of my minor children: Sophia Avery and Ethan Avery.

5. Funeral Arrangements

I request a simple cremation and that my ashes be scattered at Bondi Beach, Sydney.

6. Signatures and Witnesses

Signed this 22nd day of August, 2024.

Signature:

[YOUR NAME], Testator

Witnesses:

We, the undersigned witnesses, hereby declare that on this 22nd day of August, 2024, [YOUR NAME] signed this Will in our presence and that we, in his presence and in the presence of each other, have also signed as witnesses.

Eleanor Clark, Witness
48 Birch Avenue, Melbourne, VIC 3000, Australia

Oliver Reed, Witness
77 Cedar Street, Brisbane, QLD 4000, Australia

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