What does it mean if you don’t have a valid will and what issues may arise?
In Australia surveys show that about 60% of adults do not have a valid Will in place. If you do not have a valid, or up to date Will, you or family may experience the following difficulties:
- Your property may not go to the people you want it to go to. It may not go to them in the shares that you want it to.
- Your wishes as to who you would like to care for your children may not be known.
- Your children may receive their inheritance at the age of 18. You may wish to provide instructions as to how, and when, they receive their inheritance.