A Will is a legal document which sets out who will receive your
property and possessions when you pass away.
If you pass away without a valid Will, the intestacy rules under
the Succession Act 1981 (Qld) will determine how your
assets will be distributed and may result in a very different
outcome to what you may have wanted or intended. Further, an
application to the Court will be required to authorise a person to
be able to deal with your estate. This process is expensive.
By having a valid Will, you give yourself the best chance of
ensuring your estate is distributed how you wish and allows you to
nominate a person or persons you trust to administer your estate.
It also gives you the opportunity to provide for the succession of
any businesses that you control through other structures such as
companies and trusts.
