Walkom Lawyers have vast experience in preparing wills and assisting in administering estates. We can also advise on will disputes and assist you to contest a will if you believe you have been unfairly excluded.
Nobody likes to think about it too much, yet it is very important to have a succession plan in place that protects your loved ones and minimises the costs of administering your estate and the chances of disputation when you pass away or need assistance managing your affairs.
We provide a cost-efficient and commonsense approach. Our aim is to provide advice in terms you can understand, so you are actively involved in the development of your succession plan and understand how it works.
Estate planning will usually include drafting a will, power of attorney or appointing an enduring guardian.
We will look into a range of issues including:
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The type of assets you own and how they may be affected.
Whether taxation issues need to be addressed.
Advice regarding the possibility of claims against your estate by third parties.
The protection of your assets.
Estate planning is an active process of re-evaluating the estate when circumstances in life change, such as:
- Newly married couples or those divorcing
- A change in the family’s asset pool
- A change in working conditions such as the buying or selling of a business
- Changes to superannuation, insurance policies or taxation levels
- The establishment of discretionary trusts
A successful plan is made involving all family members as it will take into account not only your circumstances but also the plans, aptitudes and existing assets of younger generations.
