Wills and Estates

Gold Coast and Birsbane 

At FEDOROV Family Lawyers Gold Coast and Brisbane we can assist with all aspects in relation to estate planning documentation including wills, power of attorney and asset protection.

What is a will?

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.

wills estate brisbane
Wills & estates Gold Coast

Why is a will so important?

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 one’s stress, money and time. It can also make sure your wishes are respected after you pass away.

 

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.

 

A will is one of the most important legal documents you will ever make so it is important to do it with professional advice.

What is a will?

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.

wills estate brisbane

Why is a will so important?

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 one’s stress, money and time. It can also make sure your wishes are respected after you pass away.

 

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.

 

A will is one of the most important legal documents you will ever make so it is important to do it with professional advice.

Wills & estates Gold Coast

What to consider in your will?

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.

Estate Planning

What is Estate Planning

 

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 consider both your personal and financial goals. For example, some families may need a trust to manage and distribute assets to minor children.

Why is Estate Planning important?

 

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.

What to consider in your Estate Planning?

 

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.

Factors in Wills and Estate Planning

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.

Asset Protection

 

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.

As experienced will and estates lawyers, FEDOROV Family Lawyers have the knowledge to prepare your enduring power of attorney and all aspects of your will and estate planning.