Learning Material Sample

Trusts

5. Wills and intestacy

Chapter learning outcome: To understand the consequences of making a will and of dying intestate

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Making a will allows a person to leave specific instructions as to how their estate should be distributed on their death. A valid will must be in writing and must be signed by the testator (the person making the will). The testator’s signature must be witnessed by ...

Shortened demo course. See details at foot of page.

...d the surviving partner ending up with nothing

A will enables a person to pass on their estate to the people they really wanted to benefit instead of the individuals and proportions dictated by legislation under the laws of intestacy

The estate should be wound up quicker, and specific provision for minors can be made if there is a will in place

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