If you pass away without a Will, the law (known as the Rules of Intestacy) sets out how your assets will be distributed and who will receive your assets.

Often, the Rules of Intestacy will result in your assets being distributed significantly different to how you would prefer and the only way to prevent this is to have a valid Will.

Other factors such as second marriages or relationships, the death of family members and step children will impact how your assets will be distributed in accordance with the Rules of Intestacy.

In addition to the risk of your assets being distributed differently to how you would have intended, the increased cost and time involved in finalizing an Estate where there is no Will makes the process far more difficult for the family you leave behind.

For more information on Wills contact Krystle Wolthers on (02) 4626 5077 or email Krystle on kwolthers@marsdens.net.au