Wills and Estates Lawyers | Gold Coast & Brisbane
Why do you need a will?
Wills are one of the most important legal documents that you will ever make and you want to make sure that you do it right. Making a will can save your loved ones stress, money and time. It can also make sure your wishes are respected after you pass away.
Wills are a legal document containing your wishes as to how your property and assets are to be distributed after your death, and who is to benefit from your estate.
If you don’t have a valid legal will, a court may decide who gets your assets. It is therefore important that you have a valid legally enforceable will.
There is no legal requirement that a lawyer must draft your will, however, it is not in your best interests to draft your will yourself. There are strict guidelines for making and executing a will and if these guidelines are not adhered to then a will may be deemed invalid by a court. By appointing a will and estate lawyer to prepare your will is the only reliable way to ensure your estate goes to the family and friends you want it to go to after you pass away.
When writing your will, our will and estate lawyers will also ask you to consider a number of other important issues. Including choosing an executor, power of attorney, enduring power of attorney and estate planning.
A will is one of the most important legal documents you will ever make so it is important to do it with professional advice.
Contact Fedorov Lawyers on 1300 768 719 for a no obligation free chat to discuss preparing your Will.
Other Factors In Wills And Estate Planning
What is Power of Attorney?
A power of attorney is a formal document giving another person the authority to make personal and/or financial decisions on your behalf. When you appoint an attorney you are enabling someone to look after your financial and/or personal affairs.
Making an enduring power of attorney enables you to choose who will act for you if you lose the ability to make your own decisions. These are important decisions that should be made with a qualified will and estate lawyer.
As experienced will and estates lawyers, Fedorov Lawyers have the knowledge to prepare your enduring power of attorney
Estate planning allows you to plan the distribution of certain assets to certain people. Estate planning also allows you to retain control of your assets and to determine who will make decisions on your behalf should you become unable to in the future.
A good estate plan should take into account both your personal and financial goals. For example, some families may need a trust to manage and distribute assets to minor children.
All assets need to be considered when developing an estate plan, including real estate, business and farm interests, investments, retirement plans, life insurance proceeds, personal property, art or other collections, cash and personal effects.
Your estate plan will provide you with the comfort of knowing that your wishes will be carried out should anything happen to you in the future. This benefits not only you, but also your family members, who otherwise may face the burden of making choices for you without any input from you.
As experienced Gold Coast family lawyers Fedorov Lawyers can help out with all aspects of estate planning.
Asset protection is an essential component of effective estate planning and the preparation of your will. It is imperative in estate planning to ensure that not only are your own assets protected, but also any assets that may be inherited by your beneficiaries. It is often the case that substantial inheritances are eroded by creditors, family breakdown, tax and other circumstances that could have been avoided by an effective estate planning strategy.
Contact Fedorov Lawyers on 1300 768 719 for all aspects of your will and estate planning.