Dying without a will can lead to a large portion of your assets being claimed by government agencies, as well as disputes among loved ones.
An asset can be anything you own that adds financial value, such as your home, car, possessions such as jewellery or art, and money in your bank accounts. A will forms part of what's called an 'estate plan' which protects your family and loved ones who may need access to any assets or investments you may have after you die.
Great idea 💡 You never know… you might die suddenly
This article is riddled with misinformation and is misleading. Seek legal advice for a binding will that actually ensures your wishes are met.
If you don't have a will, the government agencies can loot up to 30-60 per cent of an estate and give it to dole seekers. So you better give to people who you want to get.