It's very important that you make a Will to ensure that, on
your death, your assets pass to the people that you have chosen.
Before you make an appointment to see your solicitor with a view to
preparing your Will, you should consider the following points:
1. What assets actually pass under your
Will?
Not everything that you own at the date of your death passes
under your Will. As a general rule, any assets held in solely in
your name pass under your Will - for example cash, real estate and
shares.
However, there are exceptions to this rule. Any death benefits
payable under your superannuation and the proceeds of any life
insurance policies usually fall outside of the terms of your Will
as they are paid to your nominated beneficiary. In some instances,
superannuation and life insurance are paid to your estate,
therefore passing under your Will. It is best to take professional
advice in order to check how your superannuation and life insurance
policies pass on
