Research has revealed 52 per cent of us or 9.9 million Australians have not prepared the vital legal document. The survey found 34 per cent of the population just haven’t gotten around to it yet. Meanwhile, 14 per cent said they didn’t own enough assets or have enough wealth to justify the effort involved.
Worryingly, four per cent said they just don’t want a will — even though dying without one could mean leaving loved ones in the lurch, as their estate would then be distributed solely according to intestacy law and not according to their wishes.
If you die without making a valid will the implications are that your assets could be distributed in a way you would not have chosen.