In Western Australia, if you die without a Will your estate will be distributed in accordance with the Administration Act 1903 (WA).

Up until recently, the Act was long overdue for reform with the value that beneficiaries received being out of touch with modern living.
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For example, where a Deceased person was survived by a husband or wife and children, and the net value of the estate exceeded the sum of $50,000 the husband or wife only received:
household chattels + $50,000 + interest on that sum in accordance with the Act and 1/3 of the residue.
💥HOWEVER💥 Royal Assent was given to the Administration Amendment Bill 2021 (WA) on 29 March 2022. The 💥changes💥 mean that the in the above situation a husband or wife would NOW receive:
‼️household chattels + $472,000 + interest on that sum in accordance with the Act and 1/3 of the residue.
That is a massive change!

✅The provision for parents has also increased significantly.

✅The sums are indexed to average wages and are required to be reviewed and adjusted (if needed).

✅The intestacy laws in WA are now more similar to the rest of Australia.

It was great to attend the STEP WA seminar Intestacy Reforms: The Administrtaion Amendment Act 2021 presented by Dr John Hockley on Tuesday to hear all about these changes.