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What problems will your loved ones face if you don't leave a will?
The 2 main problems your loved ones will face if you pass away without a Will are:
1. The Court will need to appoint an Administrator of your Estate to distribute your assets to your loved ones. This process is more complicated, takes much longer and is more expensive than if you leave a Will. Examples of the added cost and complication of getting the Court to appoint an Administrator are:
2. The Court can only appoint one Administrator. This can lead to problems where there is more than one person with a right to apply to be Administrator (for example, you have more than one child), and your family can’t reach an agreement about who the Administrator should be. This can cause family arguments and will cause delays and more expense.
So how you can avoid these problems? You can make your Will!
Making your Will does not take much time or cost a lot, and you’ll get great peace of mind knowing that you’ve let the world know your wishes after you pass away, and that you won’t put your loved ones through the problems outlined above.
Disclaimer: The information on this page is general information only and must not be relied on as legal advice. Legal Beagle is not a law firm or a substitute for a law firm. We are unable to provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defences, options, selection of legal documents or strategies.
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