What happens if I don’t have a Will?
If you die without leaving a valid Will, you die ‘intestate’. Dying intestate may undue uncertainty and complexity for your loved ones that could have been avoided with a valid Will.
No control over how your assets are dealt with
If you die without a will, your assets may not be distributed according to your wishes. Instead, they will pass according to a statutory formula which varies throughout each state and territory in Australia.
In New South Wales, for example, the Succession Act 2006 (NSW) lists beneficiaries in order of next-of-kin, from spouse (or a spouse together with any...