Wills and Estate Planning
Planning your estate and its future distribution is one of the greatest acts of consideration that many of us contemplate. With an Estate Plan you have the comfort of knowing that your wishes regarding your estate are clearly spelled out and understood.
Estate planning involves not only asset distribution but may also include:
Choosing your executor who will carry out your directions
Succession for business arrangements
Consideration of previous relationships, defacto and blended families
Management of tax liabilities and probate
Arrangements for incapacity or illness
elringtons can help you with all areas of estate planning including:
- estate planning and administration, including will preparation,
- Estate disputes – including family provisions claims and will interpretation
- liaison with accountants and other advisors to achieve the results you want
- enduring powers of attorney
- a living will
- guardianship issues
- grants of probate, Grants of Letters of Administration (in ACT and NSW)
- interstate and international assets
- testamentary Discretionary Trusts
- inter vivos trusts
- family provision advice
- business and family wealth structures
FAQ:
When should I change my will? – Is your current will an accurate reflection of your testamentary wishes?
What happens if I exclude someone from my will? – Can I leave a family member out of my will?
For more information or to make an appointment contact one of our Wills and Estate team:
Peter Murphy at pmurphy@elringtons.com.au
Lisa Ward at lward@elringtons.com.au
Rod Anthes at ranthes@elringtons.com.au
Cassandra Emmett at cemmett@elringtons.com.au
Or Phone: 02 6206 1300
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A power of attorney is a document whereby one person, called the principal, authorises another called the attorney, to act on their behalf.
It is possible to make either an ordinary, or an enduring power of attorney. An ordinary power of attorney is used in circumstances such as where a person is overseas or in hospital and requires another person to act on their behalf.
An enduring power of attorney, on the other hand, is a useful tool in planning for later life, enabling people to choose who they wish to make financial decisions for them when they are no longer able to do so for themselves. Unlike a ordinary power of attorney, an enduring power of attorney continues to have effect even if an individual is unable to make his or her own decisions.
Estate planning involves not only asset distribution but may also include:
· Choosing your executor who will carry out your directions
· Succession for business arrangements
· Consideration of previous relationships and blended families
· Management of tax liabilities and probate
· Arrangements for incapacity or illness
