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A Guide to Transferring of Property After Death with Will
It is critical that you take the time to create an estate plan while you are of sound mind to do so. Creating such a plan makes it easier to transfer assets to friends, family members and others who you care about. It may also make it easier to make arrangements to care for minor children or pets that may be left behind. What should you think about when making a will?
 
How Does a Will Impact Transfer of Property After Death? 
Without a will, any property that you have may be given equally to a spouse or other family members. If you don't have any family members, your property may simply be left to the state. A will gives you the chance to specify which person gets a certain asset or item that you wish to transfer after your death. However, it is important to note that superannuation funds and other assets such as a life insurance policy may be transferred by making a beneficiary designation on the account.
 
What Is the Transfer of Property Ownership After Death Process Like? 
After you have passed, your estate will likely go through the probate process. This process gives authorities time to read over a will ... more

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