Sudden Death Without a Will: How Will My Estate Be Divided Among Spouse / Children / Parents / Siblings?
In traditional thinking, making a will is a relatively taboo topic. In Australia, however, making a will is a common legal act. If a person wishes their estate to be distributed according to their wishes after death, making a valid will is the only way to achieve this. With growing awareness of asset planning and wealth succession, many clients have recently been asking about Australian estate law. In this article we discuss how a person’s assets are inherited if they pass away without a will. We will also cover the legal issues surrounding wills in Australia in subsequent articles.
