If I don’t have a Will everything goes to my spouse and children, doesn’t it?

If you pass away without leaving behind a valid Will, this means you will have died “intestate”. It will then be the provisions of the Succession Act 1981 (Qld) which decides what happens to your Estate rather than your own wishes and intentions. The provisions of the Succession Act also set out who will take responsibility for administering your Estate. If you have one, your spouse will receive the first $150,000.00 of your Estate together with the household chattels, and then a share of the rest of your Estate depending on how many children you have, and those children will share the balance of the Estate with your Spouse.

 

If you don’t have a spouse or children then your parents, brothers, sisters, nephews and nieces are the next in line. Most of us work hard during our lives to accumulate our assets, we are sure that you would prefer to provide for and control how those assets are dealt with on your death. We would be pleased through guide you through the process of preparing a Will and Estate Plan that ensures your wishes are observed.