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Wills and Estates
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It is really important to ensure that you have a valid will at any time and particularly after Consent Orders have been made or you have entered into a BFA or you have had a divorce granted. Gone are the days when a simple will was a sensible thing to do and take the view that it is unprofessional and bordering on negligence to prepare a basic will where the estate is worth over $250,000.
There are significant taxation advantages and protection of assets advantages to your beneficiaries if your estate is left to them via a testamentary trust. There are also the advantages that a testamentary trust provides in times of separation whereby the control of the trust can be transferred by the appointor to someone else. Where you have children with disabilities or alcohol and drug problems alternate trustees can deal with the assets of the trust in an appropriate way to benefit the beneficiary and not leave the assets to be wasted.
Powers of Attorney medical and either general or enduring are part of a collection of documents that a well prepared estate requires. A memorandum of wishes can be left leaving directions and a code of conduct that you would encourage your trustees to adopt in the event of your death. The use of a memorandum of wishes gives trustees and beneficiaries an insight into how you would like the estate managed and is often of great benefit to those beneficiaries who are not either pragmatic or commercial.
We pride ourselves on providing well educated and resourced Estate Planning Lawyers. We have ccess to specialists from around the country that enables us to constantly update our skills and precedents and keep abreast of new changes in this area of Law.
IP Lawyers Melbourne
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