ROCKHAMPTON WILLS & ESTATES LAWYERS
Here are some things to think about before you see us to make your Will:
- Who would be the best person/s to be the Executor, i.e. to take responsibility to protect your assets, sell assets and ensure all your liabilities are paid before transferring or distributing the remainder of your estate to your Beneficiaries?
- Who now relies upon you or is interdependent upon you for financial support?
- Do you have debts and, if so, how will that debt be paid on your death?
- Whether there are potential claims from former spouses or others?
- Whether it is in your beneficiaries’ interests to receive their share of your estate upon your death or whether there should be a protective or testamentary trust
Once you have made a Will, it is most important that you review it as your family circumstances change or you buy or sell property.
A trust, administered by a trustee (who can be your Executor but can also be one or more other persons) has control over the investment of your estate (or parts of it) and oversees the distribution of income or capital to your beneficiaries.
A trust can:
- Apply income or capital from your estate to your minor beneficiaries or those with a disability
- Protect beneficiaries who are at risk of squandering their inheritance
- Enable income to be distributed to your beneficiaries in a tax effective way
WE CAN ALSO ASSIST YOU WITH:
- Testamentary Trusts
- Discretionary and Unit Trusts
- Business and Estate Planning
- Guardianship Matters
- Advance Health Directives
- Deceased Estate Administration (including where there is no Will called Intestacy)
- Applications for Probate or Grants of Administration
- Other Court Applications
- Advising Executors on their Duties
- Advising Beneficiaries on their Rights
- Estate Litigation and Disputes ( including Family Provision Applications)