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HomeServices ProvidedEstate Planning

Estate Planning

What is a Will ?

A Will is a legal document which ensures your assets are distributed according to your wishes after you die.

Your Will can cover all your assets such as

  • your house,
  • land,
  • car,
  •  shares,
  • bank accounts, and
  • insurance policies.

In your Will you appoint an executor to distribute your assets. Beneficiaries are the people you choose to receive your assets.

Any person 18 years of age or older and of sound mind can make a Will.
 
Do I have to Make a Will ?

You have no legal obligation to make a Will, but it is a wise choice. If you die without a Will, you will not have a say in how your assets will be distributed and who distributes them. 

What will happen if I don't make a will ?


"Intestacy" means dying without a Will. If you die without having made a Will, your assets will be distributed according to rigid formulae set down by the laws of intestacy. 

What is a Power of Attorney ?

A power of attorney is a legal document authorising another person, such as a trusted friend or relative, to act on your behalf in your affairs. This person is known as your "attorney".

It is a convenient method of allowing someone to handle your affairs if you: go overseas; take an extended holiday; suffer poor health; or reach an age when you need greater assistance.

The Need for a Power of Attorney

Having a power of attorney is just as important as having a will. While a will operates on your death, a power of attorney operates during your life.

The Powers of Attorney Act (Qld) 1998 increases the scope of matters that can be covered by an enduring power of attorney and allows you to give directions about your future health care.

Knowing you have an attorney capable of dealing with your affairs when you are absent or infirm gives you peace of mind.

We also specialise in :

  • Asset Protection
  • Corporate restructures
  • Family trusts
  • Testamentary trusts