Importance of a Will
A Will is probably the most important document you will ever sign. If you die without a Will; this is called dying intestate. If you die intestate your estate will be distributed to eligible surviving relatives according to the rules of the Succession Act 2006 (NSW).
This could be very different from what you intended to happen. The general order of inheritance is spouse, children and grandchildren, parents, and so on. This can be a challenging and arduous process for your loved ones that could be avoided by creating a Will before you die.
If you don’t have any relatives alive other than your first cousin, your estate will go to the government. This is not ideal as most people would like their assets to be distributed to loved ones in accordance with their wishes rather than the provisions of a government act, but this is not possible if they did not get around to making a Will.
If you are a next of kin experiencing some difficulties in the process, get in touch with us. Executive Law Group can help you.