When it comes to Wills, people generally assume two things -
firstly, you need a lot of assets to warrant making one. Secondly,
when you die your assets and estate automatically passes to your
partner and/or family. Neither of these assumptions are necessarily
true.
If you want certain things to happen with your assets after you
die, or if you have young children, you should make a Will.
If you don't have a Will:
- Someone will have to apply to the High Court to appoint an
administrator to deal with your property. This might not be the
person you envisaged.
- Your assets will be distributed in accordance with the
Administration Act - you have no say in "who gets
what."
Do I need a lawyer?
