okay in this video I want to just explain to you why you should make a
will and you know sort of what happens if you don't and also what you should
put in your will so if these things are concerned to you or if thought about the
Madonna stage and the video should help
okay the first thing is the reason why you might make a will is because if you
don't the state and the legislation and the rules of the superior courts and the
succession act of 1965 will determine a who gets boss in other words who will
benefit from your stage and it'll also determine who is in a position to
extract the grant of administration for your state so when you pass away the
particular rules will kick in the law will kick in it's basically an intestine
see situation and somebody then we'll have to extract the grant of letters of
administration to look after your estates bush without a will you're not
having any say in that it's a question of a particular hierarchy that set out
in the court rules and in the legislation so that's why you should
make it will what should you put in your will well basically you need to decide
who gets passed so typically you might have or I might have a husband and wife
for partners coming in and most of the time they will create reciprocal wills
in other words one party one spouse will leave everything to the other spouse and
vice versa then if there's minor children or even if traditional minor
children they may make or they should make provision for when both parties
both spouses might pass away at the same time though this is obviously very
unlikely but it can happen in a catastrophic accident for example a car
crash or an airplane going down or something of that nature so you'd make
provision for us the eventualities assay of everything not going to deal a party
simply because you both passed away at the same time an extra concern here
would be the whole question of minor children in other words if you have
minor children you want to make provision clearly if you possibly er
when you pass away to your dispose it's going to be the guardian and trustees on
your minor children however if the water you pass away at the same time then you
need to consider in your will who will look after the kids basically when your
post Khan who will act as guardian and who will act as trustee trustee
generally looks after the financial stuff for the children and a guardian
would look after the bigger decisions like questions about education religion
and perhaps Melican decisions if you know somebody some of the children have
to go to a hospital level now you can actually make same person or people
executor and guardian and trustee of your will or you could have a guardian
separate guardian from trustee or separate again from the executor but
these are the type of things that you will be putting in a will so essentially
what you want to do in your will is decide who gets course who will act as
administrator and the executor of your estate and who will look after on a
minor children has gone from being both parties go at the same time if that
doesn't happen if you don't make a will then there are possibly tax implications
and there is the problem with the courts rules and the legislation's
section act 1965 determining who gets hot and who has an entitlement to
extract a grant of administration to look after your state that's it i hope
you find this video useful as to why you should make a will what should be a
nurse and what happens if you don't make a will if you funny comments or any
questions just leave them in the box down below and i will certainly reply if
i can well i will reply and i'll answer your question if i'm able to alright
thanks