Have you wondered what happens to you and your assets in the event that you are severely ill or incapacitated, for example, if you fall into a coma or suffer from a brain injury, or if you die?
If you wish to have the assurance that your assets will be managed or distributed in accordance with your intentions when you die, or that the right decisions will be made for you by a trusted person in the event that you are no longer capable of making those decisions for yourself, then you will need to plan ahead.
A Power of Attorney is a legal document that enables you to appoint a trusted person to deal with your financial affairs or make certain decisions on your behalf in the event that you are unable to manage them yourself.
A Will is a legal document that sets out your wishes for the distribution of your assets upon your death. If you do not have a Will when you die, then all of your assets will be distributed pursuant to intestacy law. Making a Will ensures that not only are your loved ones properly provided for but that your assets may be distributed to other persons or charities that are not covered by intestacy laws.
Contact us today to discuss your estate planning needs in more detail and to obtain a quote for our assistance.
LETTERS OF ADMINISTRATION
If you do not have a Will, upon your demise, your next of kin will make an application to the Supreme Court for Letters of Administration.
Upon receiving the Letters of Administration, the Administrator will be in a position to deal with your estate in accordance with the law.
If you wish to apply for Letters of Administration for a deceased estate and require our assistance, please contact one of our lawyers with estate planning expertise. Call us on 03 9562 2662 or send us an email to firstname.lastname@example.org
POWER OF ATTORNEY
A Power of Attorney is a legal document that authorises your appointed attorney to make financial, personal or medical decisions on your behalf under certain circumstances.
A well prepared Power of Attorney will ensure that your appointed attorney may make decisions on your behalf when you are no longer capable or available.
There are various types of Powers of Attorney to suit different situation and circumstances.
Failure to arrange an appropriate Power of Attorney may leave you and your loved ones stranded.
Do not delay, call us today.
If you have a Will, upon your demise your Executor will make an application to the Supreme Court for a Grant of Probate.
Upon receiving the Grant of Probate, your Executor will be in the position to deal with your wishes and distribute your assets in accordance with your Will.
If you have been appointed as an Executor of a deceased estate and require assistance in applying for a Grant of Probate or require any advice in relation to your duties, we are here to help.
If you are one of the beneficiaries in a Will, and you are unsure about your beneficial entitlements and rights, and you wish to speak to someone who can assist you, let one of our lawyers at JK Lawyers assist you.
If you have been left out of the Will but feel that you should be one of the beneficiaries, and you need to speak to someone about what rights you may have, contact our office as soon as possible because in many such cases involving Wills, there is a limited time within which to act or bring an action.
Do you have a Will?
Due to the unpredictable nature of life, Wills are not only a consideration for elderly people.
Having a well drafted Will ensures peace of mind that your loved ones will be taken care of and your assets are distributed in accordance with your wishes upon the unlikely event of your demise.
A Will can be simple or complex depending on your circumstances. You may need to provide for a special needs child or create a testamentary trust for your children.
Further, if you are the sole director in your company, you can provide for your business succession in your Will.
The disadvantage of not having a Will is that your estate may not be dealt with in accordance with your wishes, but in accordance with the laws provided for the distribution of estates without a Will.
We have extensive experience in drafting simple as well as complex Wills.
Take the initiative today and complete our Wills form. One of our lawyers will contact you shortly afterwards.