But if this is your attitude, you also need to ask yourself “What will my family have to do to get my estate?”
Where there is a valid Will, the process for administering the estate can be relatively straight forward. It usually involves the Executor appointed under the Will sending the original Will to the Supreme Court of NSW together with their application for a Grant of Probate.
The Grant lets the world (but more importantly banks, real estate agents, superannuation funds, etc) know that the Executor is authorised to deal with the deceased’s assets. Once the assets are gathered in and the debts and estate expenses paid, the Executor can distribute the estate in accordance with the terms of the Will.
If the deceased was of the above mindset and never did a Will, the process can take longer and cost the estate more money.
The first hurdle is determining who has the authority to administer the estate. Most often, the person entitled to the greatest share of your estate is the person eligible to be the administrator of your estate.
Do you know who is the person that would be entitled to the greatest share of your estate?