Wills Estate

A will is a legally binding document which spells out your wishes regarding the distribution of your assets and the care of any of your minor children. In the event you die without a will, the assets of your estate will be divided between family members according to intestacy laws and you will have no say in the distribution of your assets.

Even if you believe you have no assets, it is still worthwhile creating a will because your estate may be entitled to substantial benefits under an insurance or superannuation policy. Furthermore, without a will, you will have no say over who cares for your minor children after you and your partner die (see "What is a guardian?").