Young adults dying without wills can leave family to sort through superannuation, cryptocurrency and the future of pets

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Qld News

Queensland,Wills,Power Of Attorney

When Quintin Bowen died suddenly in his early 30s without a will, it left a complicated legal mess for his grieving mother that took more than five years to sort out.

His mum Helen Bowen, who lives at Glenwood, north of Gympie, is using the experience to encourage other young adults to write a will and ensure they have named beneficiaries for their superannuation funds.Still trying to recover from the experience, and the loss of a second son Adam to brain cancer, Ms Bowen is urging other families to speak to their young adult children about making a will and nominating binding superannuation beneficiaries.

Quintin Bowen died suddenly without a will at age 32. The administration of his estate took more than five years.He left some cash and death benefits from three superannuation funds but had failed to nominate beneficiaries.'Every adult needs a will' She says with a will, the legal fees spent on the administration of the estate would have been significantly less.

Otherwise, Ms Blay says situations can arise whereby the young person's wishes are not always honoured. Few people like to think about their own death, but dying without a will in place throws up numerous problems that can fall on your loved ones."His bitcoin investment couldn't be accessed so it was completely lost. That money is just gone.""Unless a person provides clear instructions about their cryptocurrency and how to access it, the currency is likely to be lost forever, no matter what its value is," she says.A will can ensure pets are looked after when an owner dies.

Josh, a university student, died without a will — leaving some cash in the bank, a small amount of superannuation, and his car."We're going through the heartache of our son's loss and yet for months and months and months, you're also dealing with bureaucratic blocks," Mr Barclay says. But he wants to tell the teenager's story to help other families who may tragically find themselves in a similar position in future.

 

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