Peter, a single dad with three children aged 21, 11, and 9 died recently. His late wife, Wendy died giving birth to their third child. Peter did not have a will. His estate comprises the following assets: • Family home: $330,000 • Superannuation: $115,000 • Cash: $15,000 • Family car: $20,000 • Artwork: $8,000 

a. Describe some of the issues associated with Peter’s intestacy.

b. Outline some of the estate planning strategies that Peter could have considered if he had prepared a will. 

c. What are the advantages of having a valid will in place.

Answer rating: 100% (QA)

Describe some of the issues associated with Peters intestacy Intestacy is a condition of the estate ... View the full answer