Common question. People don’t see the value as they think “it I die it will all go to my spouse anyway”. But there are many reasons why it won’t go to your spouse. What if the spouse dies first, what if the spouse dies with you in an accident. What if both in an accident and spouse remains alive in a coma for 30 days after your death and then dies - what if you are in the coma. Imagine you have no will and everything goes to the spouse absolutely. She or He gets married and later dies leaving everything to the new husband. What if she had no will - intestacy laws would give the husband a large chunk. What if the spouse inherits a lot of money, perhaps from insurance via super. The spouse later becomes bankrupt losing all the kids inheritances. Tax issues arise as well as without a will there is no testamentary trust. Income from large insurance payouts will be taxed in the spouse’s hands wasting tax saving opportunities - note there is the ability for a post death testamentary trust to be set up but these are very restrictive and will result in less of a tax benefit and less of an asset protection benefit. Super that comes into an estate should be segregated into a superannuation proceeds trust otherwise there could be tax payable. A non resident beneficiary could inherit property which could mean a CGT is triggered. This may be avoided with a will. Disposal of the body - there may be no instructions. Choice of Executor is also not possible if you don’t have a will. Someone, usually a family member will need to apply to the court to be appointed administrator of the estate. This can lead to disputes over who will take the role and it could lead to 2 family members contesting it in court. Control - you might have a $2mil estate. Do you want your children to get access to this on their 18th birthday (or earlier, see legal tip 1)?