Share on LinkedInShare on LinkedIn

ARTICLE · 28 OCTOBER 2019

Top 3 excuses for not having a will and why you should

Cost of proceedings from an informal will, contested will or intestate outweigh costs of preparing a professional Will.

AustraliaFamily and Matrimonial

Did you know that Pablo Picasso, Abraham Lincoln, Martin Luther King Jr, Jimi Hendrix, Michael Jackson and Prince all died without a Will? You might be thinking if such high profile and net worth people didn't have a Will, you too may be excused from making one, but that's incorrect. You should have a Will and continuously review it.

As someone often involved in estate planning and estate disputes, I cannot stress enough the importance of having a carefully considered and professionally prepared Will. When you die without a Will, it is called dying 'intestate'. When you die intestate, the law prescribes how your Estate will be divided up. In those circumstances, the law also prescribes who would be the most appropriate person to become your Estate's personal legal representative. Whilst that may seem straight forward, in reality, a lot of the time it is not. The heartache, the costs and the financial consequences that flow as a result can be very easily avoided by

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from