Is Buying a Legal Will Kit in Australia a Good Idea?

Buying a Legal Will Kit in Australia

Making sure that your loved ones have access to all of your assets and possessions when you pass on can be a pretty controversial topic. Death can be a scary event – but if you suddenly pass away and don’t clarify which of your possessions should be left to members of your family, then it’s not uncommon for fallouts to ensue. This is one of the reasons why writing a will is so popular in Australia and one of the most effective ways to do so is with a legal will kit.

What is a legal will?

When asking “What is a legal will“, the first thing you need to understand is that in a general sense a legal, formal, or official will is one that is recognised by the Australian court system and can be created by an individual (or couple) to act as a fair representation of their wishes and preferences, as far as their estate and assets are concerned. In order for a will to be considered legal it must features a few factors in specific.

These include, but are not limited to:

In the past, many people made the mistake of creating their own wills on paper; misplacing them, or deciding to change the details contained within, only for forgeries to occur. These days, unless a will is recognised within an official capacity, it can be hard for a solicitor to dictate which types of assets should go to who when a family member passes on – and as you might imagine, this can cause untold amounts of upset and confusion.

To combat this, agencies have worked hard to create a ‘will package’ – a type of product that can be purchased from as little as $25 and used within a legal capacity.

Why are these kits different than other methods of will-writing?

For a start, they are officially recognised due to the formal data that they include. Any agency issuing this type of kit will need to be licensed and verified – and information on the formality of their authority will be included within the package. This data can act to ensure that the contents of the will are authorised within a legal capacity.

Furthermore, some kits require the will writer to send the documentation off to a notary; often a member of the issuing agency, so that they can provide their own stamp to formalise the contents.

To make things even easier and for further reassurance, these kits can be filled in via email to ensure that they possess a digital trail, allowing them to be authorised in a way that can’t be tampered with – whilst ensuring confidentiality and security in the process.

Is Bitcoin a Good Investment Vs Gold?

Is Bitcoin a Good Investment Vs Gold?

Every year thousands of new bitcoins are mined and added to the market, but unlike other types of currency and valuables like gold, this digital alternative has a cap. As soon as their volume hits 21 million, that will spell and end on any further production. Experts have predicted that the day will come sometime in the year 2140, which might seem a long time away – but in reality the coins are already showing the signs of a slower production.

Why is this?

In order to sustain their value, bitcoins rely on their scarcity and although there will eventually be 21 million of them one day in the future – for now they are traded with in much the same way as gold and other precious metals. In fact, many experts have found themselves comparing the investment potential between gold and bitcoins.

Is Bitcoin a Good Investment Vs Gold?

As of March 2017, the average bitcoin is being traded for roughly £500. Unfortunately this digital currency doesn’t have a weight, so it isn’t always easy to compare the value to that of gold. What can be done however, is to work out how much gold could be purchased for (around £500) and then gauge whether it would be easier to get hold of than bitcoins.

Right now £500 could purchase one bitcoin on average, or just under 1kg of gold. What this means is that 10 kilograms of gold would cost roughly £5,000.

This would make 10 bitcoins equate to roughly 10kg of gold on average – making them pretty balanced as far as the numbers are concerned, but there is one important factor to consider. It can impact both types of resource; and it is depreciation. In simple terms, gold can vary in value depending on when it is purchased, or when it is sold.

Bitcoin Canada

Watch the video to see the latest Bitcoin developments in China.

As more and more gold is uncovered, the supply of it will be more readily available and the easier that something is to get hold of, the less competitive the market. The less competition is present, the lower the value of the particular resource – and as far as gold goes, this isn’t the most appealing prospect.

What it actually means is that in the future, gold could be far less valuable, so investing in it can be pretty tricky – unless things change and gold completely runs out. On the other hand the value of an individual bitcoin is actively increasing, as opposed to depreciating. This is because the digital coins are becoming less and less common and once they reach their limit, they will be at their most valuable; when supply will be at an all-time high.

Therefore, investing in these coins now can offer the potential for huge rewards in the future, with their value expected to almost double in just two decades.

See more at UK Bitcoin site

Watch a video

How To Buy Bitcoin In The UK Video


Bitcoins are also making news around the world from South America to China see

How Can I Get A Home Loan With Bad Credit

Home Loans for People with Bad Credit

Credit scores are often overlooked until an individual wishes to apply for a loan and wants to gauge their eligibility. Unfortunately, even mistakes from a decade ago can come back to haunt a potential borrower. These events can often lead to what it commonly called a bad credit report – where banks will rate a potential borrower from 0 to 700. The higher the score, the more reliable the borrowing power and this can leave those with lesser scores struggling when applying for home loans.


Bad credit home loans

Fortunately there are still borrowing options out there for those that have low credit scores  looking for bad credit home loans– although the availability of them will depend on several factors that banks will consider before lending money. Some of these options include:

Applying for a guarantor loan

A guarantor is an individual that can act to financially back an applicant with bad credit. By guaranteeing a loan, they will be accepting that, should the borrower be unable to meet their repayments, the bank will consider the guarantor to be liable to cover the costs associated with any repayments that are still due.

Working on a credit score

If someone realises early on that their credit history leaves a little to be desired, they might be in a position to dedicate several months (or even years) to improving their credit standing. A good way to do so is by taking out a small loan that doesn’t pose much risk and then meet the repayments steadily until it has been paid off. This might result in a minor loss from the interest repaid; but it can also act to boost a credit score simultaneously.

Seeking alternative finance

Although a home loan might be off the cards right now; some borrowers might find themselves in a position to take out other types of loans and financing options if they have a comfortable amount in savings to cover a deposit. Some banks might be willing to overlook a low credit score if the borrower can demonstrate that they’re willing to use a moderate to large sum of their own cash as a down payment.

These options might not be available to everyone with bad credit, but they can certainly be useful when attempting to receive a cash investment from a lender. Hiring a mortgage broker can be useful, as these financial specialists can often help to find cheaper home loans. With banks, there are situations whereby they can consider applications from those with poor credit scores – and knowing how to work around them can be very advantageous.

If you want to find out “How much can I borrow safely” then check out an online mortgage calculator which will factor your current income and expenditure.

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