Roughly half of all Australian who die, die intestate. That is, they die without leaving a valid, Legal Will.
If a person dies intestate, rules contained in legislation will decide how your assets are distributed taking into account your family situation. The government may also decide who looks after your children if they are still minors.
When you make a Will, you select the executor of your choice. This can be a person or trustee organisation. The executor you appoint is responsible for the entire administration of the estate until the final distribution of assets is made to the beneficiaries.
Being an executor is a demanding job, requiring a good understanding of legal, accounting and taxation requirements, so consider your choice very carefully.
With regard to your Legal Will, Korn Corporation will help you:
- Understand your legal position
- Ensure your assets will go to the people you choose
- Ensure your children are looked after the way you want
Book your Free Consultation online today using our simple online Enquiry Form, for more information on Legal Wills, or any of our financial services.
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