At Bare, our Free Will is a great option for many people who want to DIY their own Will. However, while our free service is great for some, it doesn’t quite work for everyone. 

Keep reading to learn more about Bare Law Bespoke Wills and who may need one.

Simple Will vs Bespoke Will?

The Bare Free Will is a simple Will and can be used for simple estates, where there aren’t any complications or serious considerations.

This could include:

  • Name of executor
  • Who to leave the estate to or how much goes to each person
  • Donations to charity or gifts from your estate
  • Who will be the guardian of your children
  • Who will take care of your pet

Whereas a Bespoke Will, also known as a custom or complex Will, as the name suggests, deals with much more complicated estates and trusts.

A Bespoke Will is created with a lawyer, who will work with you to understand your unique circumstances and develop a customised Will that completely covers you and your loved ones in the event of your death. 

Some circumstances for requiring a bespoke or complex Will include:

  • If you are going through a divorce or separation
  • You own a significant amount of assets
  • You have a self managed super fund (SMSF)

We will cover the full list of when you would require a Bespoke Will below. 

Before you can use Bare’s Free Online Will service, there is an eligibility checker which ensures that the Will is suitable for you.

The eligibility checker will ask you questions to determine whether a Free Will is appropriate for you.

When do I need a Bespoke Will?

Bare’s eligibility checker will ensure your circumstances are suitable for a Free Will. If your circumstances are not suitable due to the complexity of your situation. To guarantee a valid and legally binding Will, the Bare Law team will suggest a Bespoke Will.

Below is a list of circumstances that would make you ineligible for a Bare Free Will, and therefore mean you would need a Bespoke Will.   

  • If you are going through a divorce or separation.
  • If you have children from a previous relationship, especially if you are in a new relationship.
  • If you are the owner of a business or are involved in a private company or trust. 
  • If you are the co-owner of an asset and want to leave that asset to a person who isn’t the co-owner.
  • If you have a dependant with a disability or chronic illness. 
  • If you intend on excluding an immediate family member or close friend from your Will.
  • If you have a Self-Managed Superannuation Fund (SMSF) or an APRA regulated fund. 
  • If you intend to distribute your superannuation outside your superfund and within your Will instead. 
  • If you own any assets overseas or your intended beneficiaries or executors live overseas.
  • If you have over $3 million of total wealth, including home and superannuation.

If any of the above apply to you, please speak to one of our lawyers about your circumstances so you can understand if a Bare Law Bespoke Will is suitable for you. 

To learn more or to chat with our estates and Wills lawyers, you can give them a call on 1800 959 371 or head to Bare Law Wills Services here. 

*This guide to Bespoke Wills is not legal advice. For specific advice on your personal or financial situation, speak with our Bare Law team. Our Free Will service is not intended for involved or intricate circumstances.