Passing away without a Will places a lot of added stress and pressure on your family during an emotional time. Your Will should be sorted as soon as possible, for the sake of your family and loved ones.
What happens if you die without a Will?
Everything in your name, including your bank accounts, is frozen by the court.
Even if there is no disagreements between who gets what, all your assets will remain frozen for at least six months.
Your family will need to pay legal and court fees to get it all sorted out.
Many people are under the misconception that they don’t have any assets to put into a will.
Even if you don’t mind where your assets will go, having a Will means your family won’t be stuck with the expensive burden of sorting it all out after you have passed away.
*Wills can be complex, and it's something you can chat to an adviser about helping map out your wishes with a lawyer.