Young or old, wealthy or not, why everyone should have a will

Solicitors and the Public Trustee in your state are the two options of professional assistance for preparing will. Source: Getty Images/skynesher

Research shows only older people, and those with significant assets most commonly make a will in Australia. A large-scale study in 2017 showed that almost half of those surveyed did not have a will in place.

Key Points

Research shows that one in two Australians do not have a will in place.
Experts say cultural reasons, misconceptions and even superstitions behind people avoiding a will.
Assets are distributed according to the default state legislation in case of death without a will.

Young or old, wealthy or not, why everyone should have a Will