A will ensures that your family's needs are met according to your wishes, when you die. Aside from distributing your wealth and assets to family members, a will can also be designed to encompass a range of requests including:
When leaving a will, you must decide:
An effective will should be designed according to your personal and financial circumstances and also take into account non-estate assets such as superannuation death benefits.
If you die without a will, therefore without an executor, the court will appoint an administrator for your estate. It can take months for this process to be completed and there is no guarantee that your dependents will receive what you may have intended.