Who manages / distributes the assets without a Will?

Without a Will, “someone” needs to apply for the Letter of Administration to have access to your assets. This special someone, also known as the Administrator, is usually one of the to-be beneficiaries of your Estate, or someone else if every beneficiary agrees for him/her to be so. As the Administrator, he/she will be the one managing / distributing your Estate. This also means that it is entirely possible that someone you distrust be in-charge of managing and distributing your assets after you pass on. 

Unlike what you think, the Courts do not actively monitor to ensure it is distributed correctly, rather someone has to report before the Courts step in in the event of foul play.

Rather than leaving to chance, having a Will allows you to choose and decide beforehand who this trusted individual is.

Additionally, if you think finding one trusted party is hard enough, imagine without a Will, where if beneficiaries who are minors are involved, require 2 co-administrators instead where in the case with a Will, only a minimum of 1 executor is required.