Q. Explain to Morten the consequences of dying without a valid will. Given their recent marriage, explain to Morten the validity of his will, how can the interests of Morten's children be best safeguarded upon his death?

As the couple does not have any dependents, the expected joint expenditure for the couple is not more than $48,000 for this year. While Jennifer has not drafted her will, Morten has a will that was executed during his first marriage. Morten nominated his sister as an executor of his estate and wishes his estate to be equally distributed between his two sons. The couple's assets are fully insured, their cars have 3-4 party, fire and theft insurance. PAYG tax instalments of Morten amounted to $12,000. The couple has paid a total premium of $4,700 in private health insurance and elected to use the 25.059% rebate as a tax rebate to determine the tax payable. Assume this was paid by Morten. The imputed credit refers to fully franked dividends indicated in Morten's final dividend statement for the year