Why Do I Need a Will?
Why every Adult Should Have a Will (and What Happens if You Don’t)
What does a Will Achieve?
Having a valid Will ensures that your loved ones are able to honour your wishes as to the distribution of your estate after you pass. It allows you to legally designate the intended recipients of your assets and property, minimising prospective family conflict over inheritance and sentimental items.
What happens if I don’t have a Will?
If an individual passes without a will, it is known as dying intestate. It is in this circumstance that your assets are distributed in accordance with the intestacy rules under the Succession Act 2006 (NSW).
Generally speaking, the estate is passed to the surviving spouse. In the instance that you do not have a spouse, or you survive your spouse, your estate will to distributed to your relatives in a set order: children, parents, siblings, grandparents, aunts, uncles, and cousins. This may be problematic in circumstances of legally married couples having separated, and estranged family members. Hence, the importance of having a current, and valid will.
How can we help?
Our team here at Equilaw provide the legal expertise to draft, witness and execute your Will, ensuring that your wishes are accurately reflected. To book your Will drafting appointment, please contact our friendly team on 02 6542 5566.
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This newsletter is intended to provide general information. You should obtain professional advice before you undertake any course of action.
