Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Social Innovation

Website Helps Settle End of Life Affairs


Thursday, 17th March 2011 at 2:28 pm
Staff Reporter
Research reveals half of the nation’s personal wealth, or a whopping $2.55 trillion, is left in limbo because it is not covered by a will.

Thursday, 17th March 2011
at 2:28 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Website Helps Settle End of Life Affairs
Thursday, 17th March 2011 at 2:28 pm

Research reveals half of the nation’s personal wealth, or a whopping $2.55 trillion, is left in limbo because it is not covered by a will.

Forty-seven per cent of adult Australians do not have a will, and almost two-thirds of those know they should have one but haven't done anything about putting it in place according to a new website, WrappingUp.com

The site’s founders say that WrappingUp.com is the first social network and information portal of its kind, created to demystify the process of settling end-of-life affairs. The site houses information on funeral planning, legal pointers on wills, estate planning and donations, advice for dealing with family members, pets, electronic passwords, grief counselling and more.

The site’s founders Kelly Chapman and Della Churchill say the nation’s relaxed approach to estate planning, combined with large generational increases in personal wealth and complexities in superannuation and family structure has led to a dramatic rise in the number of people contesting wills.

Research by law firm Slater and Gordon conducted in 2010 reveals 2000 wills were contested in 2009 with most progressing to court, but settled early in proceedings. Cases negotiated and settled before court cost on average $4000. Cases finalised in court cost on average $52,000.

Kelly Chapman says drafting a will is essential for protecting loved ones. Dying without a will, means the estate will be distributed according to rules set out in state legislation.

Chapman says this may mean a spouse is not adequately protected, especially for those living in a de facto relationship.

WrappingUp.com helps Australians understand the complexities associated with making a will and provides practical steps and advice for choosing an executor, enduring power of attorney, setting up testamentary trusts and guardianships and living wills.

Chapman says the social network and information portal also provides a safe online community to ask for help, share experiences and gain honest service provider referrals.

Chapman and Churchill hope that by having this online resource at hand, more Australians will take charge of their own affairs and relieve their next of kin of the responsibility.

The site offers basic information for free but offers additional services from $9 per month. A premium membership allows subscribers to store important documents online.

Go to www.wrappingup.com for further information.  



FEATURED SUPPLIERS


...


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

Yes we’re lawyers, but we do a lot more....

Moores

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

DIY Wills Pose Dangers for NFPs

Ellie Cooper

Tuesday, 8th September 2015 at 12:15 pm

Gifts in Wills Marketing Workshops & Masterclass

Lina Caneva

Tuesday, 14th July 2015 at 11:38 am

Pro Bono Australia’s Guide to Giving 25th Anniversary Edition Now Open

Staff Reporter

Thursday, 17th July 2014 at 10:38 am

Taking Bequest Marketing Seriously…A Guide for Complacent Chief Executives

Staff Reporter

Tuesday, 22nd February 2011 at 12:05 pm

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Adelaide at the Vanguard of Ending Street Homelessness Globally

Wendy Williams

Tuesday, 21st November 2017 at 8:43 am

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!