The importance of a Will in Queensland, Australia
What happens if you die without a valid will? This is the question a lot of readers have. One would assume your next of kin will automatically inheret your fortune.
If you die without a valid will the laws of intestacy as found in Part 3 of the Succession Act 1981 applies. These rules set out the entitlements of the next of kin of a person who died without a last will and testament or a ill that is not valid.
The intestacy rules determine the distribution of the deceased estate to the next of kin such as a spouse, de facto partner and children or grandchildren.
What if I have no next of kin?
When you die without a will there is no appointed executor. This means the position is filled by someone who needs to stand up and take responsibility to finalise the estate of the person who died without a will. This person is called an administrator rather than an executor.
The administrator do not have the authority to deal with the estate until a Queensland court gives the administrator authority.
How to get a will?
Get in touch with a lawyer that can help with estate planning and creating a will.
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