A Will is the legal document that describes how you wish your assets to be distributed upon your death.
A Will also allows you to choose an Executor who will be responsible for making sure that your assets and wishes are carried through.
It is thought that more than 50% of adult Australians do not have a valid Will.
A Will is one of the most important documents you will ever sign, so it’s advisable that you have it prepared by an expert who is supported by accountants, taxation, investment and legal professionals. You may also consider contacting the NSW Trustee & Guardian.
What do I do if someone has died without a Will?
If a valid will cannot be located, it is presumed the deceased died intestate.
You will need to apply for a Letters of Administration grant, if necessary, instead of probate. The estate of the deceased will then pass to their eligible relatives as specified by the Succession Act 2006 (NSW).