What happens if I die without a Will?
Losing someone you love is tough, and dealing with the legal stuff afterward can be confusing. If someone passes away without a Will, it can create additional challenges for their family.
When someone dies without a Will, it’s called “intestacy.” This means that the person hasn’t put a plan in place for how they want to gift their belongings and assets, if they’re a parent it means they haven’t nominated guardians for their kids, and any strategies that might have minimised tax or helped loved ones with special needs are now out of reach.
Here’s what could happen if there’s no Will:
WHO GETS WHAT?
NO ONE IN CHARGE
ARGUMENTS AND DELAYS
YOUR WISHES MIGHT NOT BE KNOWN
When there’s no Will it’s tough for the loved ones left behind. They are caught in set formulas and rules for how things must be handled, and they are often making their best guess as to how their deceased loved one may have wanted things handled.
To avoid these complications, it’s a good idea to plan ahead by making a Will. A Will is like a map for your things after you’re gone. It makes sure your wishes are clear and legally followed.
As estate planning professionals, we’re here to guide and support you through this process, helping you make informed decisions and secure the future for your loved ones. Take the first step by tapping on “Request a Booking” to chat with an experienced estate plan professional.
The Complete Estate Plan Guidebook is for you if you want to:
The Complete Testamentary Guardian Workbook is for you if you want to: