10/09/2025
WHY NOT HAVING A WILL CAUSES MORE HEARTBREAK FOR YOUR LOVED ONES.
Wills are not something most people like to spend a lot of time thinking about. It is a rather difficult and morbid subject. Unfortunately, the cost of not having one is often greater in more ways than people realise.
Four reasons why not having a Will causes more heartbreak for your loved ones:
1. Save loved ones’ anxiety and uncertainty
The passing of a loved one is a tough enough time as it is, and it is particularly tough when the deceased leaves behind dependents. When those dependents lose someone whom they relied on for anything from shelter to money, this time can bring especially high levels of stress and anxiety. This is even more true of cases where the deceased has not left a will.
2. Family disputes
As well as increased stress and anxiety for dependents who may be relying on an inheritance to meet ongoing financial obligations, the failure to leave behind a professionally written will can cause disputes within the family.
3. Extra costs to the estate and possible tax consequences on sale of assets
The costs associated with administering an estate in the aftermath of someone’s passing when no will has been left behind are often borne by the estate itself. This means that what you leave behind for your family and loved ones may be significantly less than you intended by the time the estate covers its costs.
4. Your assets may not go where intended
If you die without leaving a will, or your will is invalid, the law will decide who gets your assets according to a rigid formula. These laws apply to everyone and make no consideration for your wishes or circumstances. When this happens, an application for a Grant of Letters of Administration will need to be made to the Supreme Court. In most instances, the grant is made to the next of kin of the deceased.
Read about this in more detail on our website,
in the "News" section:
https://freemanfamilylaw.com.au/news/