Newspaper article The Morning Bulletin (Rockhampton, Australia)

Will Gives Direction; Having a Will Essential for All

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Will Gives Direction; Having a Will Essential for All

Article excerpt

WHY do I need a will?

When talking about wills, many people may think that they don't need one if they don't own anything or their debts exceed their assets. However, this is rarely the case.

In most instances, there will be assets that need to be dealt with such as a car, bank account and superannuation.

You may also be entitled to benefits and refunds from organisations such as your private health insurance fund, all of which will form part of your estate.

By putting a will in place, you can appoint a person or persons of your choice to be in charge of the administration of your estate (the executor/s).

You can also choose the people whom you wish to benefit from any assets that may be a part of your estate in the event of your death.

Without a will, you leave it up to the Intestacy Rules in the Succession Act 1981 to determine who will be appointed to administer your estate and who the beneficiaries will be. …

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