Young or old, wealthy or not, why everyone should have a will

Research shows only older people, and those with significant assets most commonly make a will in Australia. A large-scale study in 2017 showed that almost half of those surveyed did not have a will in place.

 

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Key Points

 

• Research shows that one in two Australians do not have a will in place.
• Experts say cultural reasons, misconceptions and even superstitions behind people avoiding a will.
• Assets are distributed according to the default state legislation in case of death without a will.

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Young or old, wealthy or not, why everyone should have a Will