What is a Will and why do I need one?

A 'Will' is a document setting out your wishes as to how you would like your assets and belongings (called your 'estate') to be dealt with after you die.

In Australia, people have full freedom of 'testamentary disposition'. This means that you can leave your estate to whomever you choose. So while people commonly choose to leave their assets to close family and friends, you don't necessarily have to include these people in your Will. However, some people do have a right to ask the court to give them more or part of your estate if you have not provided for them 'adequately'.

A Will can also be disputed or challenged in several other ways. For more information about this, see our article, What are the avenues to challenge a Will?