Will and Estates
If you need help creating a Will, organising a Power of Attorney or administering or challenging an Estate, let us assist you.
Creating a Will is one of the most important responsibilities of anyone with assets. Your Will directs how your assets are distributed when you die. If you die without making a Will, or make an invalid Will, the consequences can be very time consuming, expensive, and stressful for your loved ones. Some careful estate planning now will ensure your wishes are met.
We recommend that everyone should have a Will, and Wills should be reviewed every 2-3 years or whenever your circumstances change, for example:
- You have married or divorced since your last will;
- You have a child or children since your last will;
- You have a grandchild or grandchildren since your last will;
- You wish to appoint a guardian of your children;
- Your assets/property have changed since your last will;
- One or all of your Executors have died since your last will;
- You wish to leave a specific asset to a specific person;
We also recommend that everyone should have a valid Enduring Power of Attorney. This is a separate document to your Will and it appoints someone to make decisions for you should you be unable to make decisions for yourself. Your Attorney/s may be appointed to make either financial or personal health decisions for you (or both); therefore it is important that you appoint people that you trust.
Another important part of estate planning is an Advance Health Directive. An Advance Health Directive is a document that states your wishes or directions regarding your future health care for various medical conditions. It comes into effect only if you are unable to make your own decisions. You may wish your directive to apply at any time when you are unable to decide for yourself, or you may want it to apply only if you are terminally ill. The purpose of an Advance Health Directive is to give you confidence that your wishes regarding health care will be carried out if you cannot speak for yourself.
Contact us to make an appointment for all of your estate planning needs on 5578 8888.