New legislation - Children excluded if no will- Beware

Proposed changes to the Succession Act in NSW will mean that natural Children of a deceased person will no longer be entitled to part of his or her estate. NSW legislation was always similar to that in Victoria until now. It will be interesting to see if Victoria follows suit in the near future. At the moment the natural children will receive a share of the estate of someone who dies without a will and leaves a Spouse or Partner, provided the estate is big enough. Under the proposed changes, the Spouse or Partner will get the lot. Sometimes this result will be the same as the will would have been,  and sometimes it won't. A will really does look like a cheap investment in your succession plan either way.