A Will is a legal document that sets out who you want to receive your assets when you die. You should make a will for two main reasons:
- Making a Will is the only way you can ensure your assets will be distributed according to your wishes when you die; and
- It will be a even more stressful for your family to deal with your passing if you haven’t left a will.
If you die without a Will your estate will be distributed according to a pre-determined formula and, if your only living relatives are more distant than cousins, your estate will pass to the government.
Did you know that at least 45% of Australians do not have a valid Will?