Planning Your Estate – Don’t Leave It Too Late

August 10, 2021

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May 20, 2022

All too often, people tend to leave their estate planning until it is too late. Carefully and thoughtfully preparing your estate administration is more than a formality, it gives you (and your beneficiaries) certainty about the future. Carneys Lawyers’ expert Wills and Estate Lawyers consistently see the benefits to clients and their families of spending time to properly plan their estates to reflect their wishes, financial circumstances and family dynamics.

If you need to get your estate in order, get in contact with the Will and estate lawyers Sydney at Carneys Lawyers today.

Estate Planning and Will making

Carefully planning your estate provides certainty and peace of mind. However, planning for death is, understandably, an issue that is neglected by many Australians. Around 40% of Australians die each year without a Will or any significant estate planning, and, due to the fact of constantly changing financial circumstances and family dynamics, many of the remainder die with Wills that do not reflect their current wishes.

There are legal issues that must be taken into account when you are considering your estate planning, which Carneys Lawyers’ expert Will and estate lawyers Sydney will guide you through. 

Making a Will involves creating a last Will and testament; being a document that records your wishes for what should happen after you pass away. Wills largely deal with property and financial matters, but also necessarily record specific personal and relational matters that are important to you.

Estate planning, on the other hand, involves a number of documents that will guide important decisions to be made before and after your death. Estate plans can be beneficial if you own a business, have specific requests, have had more than one marriage or want to donate part of your assets to charity. Tax liabilities are also a critical to consider when planning your estate.

Our Wills and estate lawyers Sydney are also able to advise and assist you in the preparation of Wills and estate planning issues, such as Power of Attorneys and Guardianship appointments. We can also discuss Advance Care Directives with you if you want to leave directions to your guardian should you become incapable of making a health or welfare decision.

Carneys Lawyers regularly engage and work with tax leading tax experts to provide you with the best available tax advice for your estate planning.

Probate

Probate is the legal process where a Will is “proved” to be a valid and true last testament of the deceased. It occurs before an executor can administer a person’s estate and distribute it to the beneficiaries. If you need to make an application for probate get in touch with an experienced probate lawyer at Carneys Lawyers.

Contesting Wills

The death of a loved one is a challenging and stressful time, especially if you feel you have been unfairly provided for in a Will (or not provided for at all). If you find yourself in this position, there are options available to you. 

In the majority of cases involving a disputed Will, the parties are able to resolve the issues informally without going to Court. Where Court proceedings are unavoidable, it is crucial that you obtain expert legal advice to guide you through the proceedings.

Speak to a Wills and Estate Lawyer Sydney today

You only have one chance to get your Will and estate planning right. Once you have passed away, the Will cannot be changed without the intervention of the Supreme Court. This is an expensive and often tortuous process.

To get your Will and estate planning right, contact our Will and estate Lawyers Sydney at Carneys Lawyers today for a cost-effective solution to your estate planning.