Viva: What questions do you have about writing a will?

What is to happen to your assets after you die? Nearly half of Australian adults don’t have a will.This means that the jurisdiction of your state or territory may have the ultimate say on who is to receive your assets.It pays to consider some key questions when planning your will.

Women completing the last will and testament Source: Getty Images

Less than half of the over 50s have a detailed plan for what to leave their children and one-in-ten having no plan at all according to a recent Australian report on inheritance insights.

Whether you believe it’s bad luck, simply procrastinating, or don’t think you’ll have anything left to give away, there is a good case for every adult to have a legally-binding will to avoid complications down the track.