If you die without a Will, your children and other minors in your care may not receive the care and financial assistance you would have desired for them.

Your children or stepchildren may miss out altogether.

If you have children it is helpful to appoint who you wish to be guardians of your children should you and your partner die unexpectedly. This should be stated in your Will. It is also a good idea to consider at what age you would like your children to benefit from your Estate. For example, under Tasmanian law children receive assets at 18 years of age. However, you may want to stipulate a later age, or state an amount that can be accessed earlier for expenses such as education and their maintenance.

Good planning can ensure that your children and family benefit from your Estate the way you intend. For example a spouse or partner could remarry and have other children. A Tasmanian Perpetual Trustees Estate Planner can help to ensure that your children still benefit from your Estate.

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