Workers in NSW have a $481,950 reason to have a Will
Written on the 13th of June 2012 by Gavin Hanrahan
Why Should All Workers in NSW Have a Will?
Over the last few years there have been major changes to the NSW Workers Compensation Laws which relate to workers who are killed at work. These changes make it even more crucial that every worker in NSW has a valid Will in place.
Under the new Law, as at June 2012, they will share in about $481,950.
Under the old Law, if the worker had no financial dependants, no spouse or school aged children – there would have been no payment whatsoever.
However, under the new Law, if the worker has no financial dependants, the $481,950 will be paid to the worker's estate, and if the worker dies without leaving a Will, the $481,950 will be shared amongst his/her next of kin.
The consequences are so significant you may wish to pass this information on to family and friends who could be potentially affected.
Disclaimer - This article is offered for general information purposes only. It is not offered as and does not constitute specific legal advice or opinion. The accuracy of the information is not guaranteed. You should not act or rely upon any of the information contained within this article without seeking the advice of a qualified solicitor who specialises in the particular area of expertise and jurisdiction that you require. For further information please check out the Workcover NSW Government Guide to Workers Compensation Benefits (April 2012)
Author: Gavin Hanrahan
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