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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 Art work: $8,000
Problem 1: Describe some of the issues associated with Peter's intestacy.
Problem 2: Outline some of the estate planning strategies that Peter could have considered if he had prepared a will.
Problem 3: What are the advantages of having a valid will in place
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