Wills & Estates in Australia

Creating a will is one of the most important steps you can take to protect your loved ones and ensure that your assets are distributed according to your wishes. In Australia, a will is a legal document that outlines how your estate will be managed and distributed after your passing. Without a valid will, your estate may be subject to the laws of intestacy, which can lead to outcomes that may not align with your intentions.

Why You Need a Will

A will provides peace of mind, ensuring that your assets, including property, investments, and personal belongings, are distributed to the people and causes you care about. It allows you to:

  • Appoint an Executor: Nominate a trusted person to manage your estate, pay debts, and distribute assets.

  • Provide for Loved Ones: Ensure your family and dependents are financially secure.

  • Minimize Disputes: Clearly outline your wishes to reduce the likelihood of family disputes or legal challenges.

  • Support Charities: Leave a legacy by including charitable donations in your will.

Understanding Estates and Probate

When a person passes away, their estate must go through the legal process of probate, where the will is validated by a court. The executor you appoint in your will is responsible for managing this process. If you die without a will, the process can be more complicated and time-consuming, as the court must appoint an administrator to distribute your assets according to the law.

Estate Planning Services

Effective estate planning goes beyond just writing a will. It includes:

  • Power of Attorney: Appointing someone to make financial and legal decisions on your behalf if you become incapacitated.

  • Enduring Guardianship: Nominating someone to make personal and medical decisions for you if you’re unable to do so.

  • Testamentary Trusts: Setting up a trust in your will to manage and protect assets for beneficiaries, particularly minors or those with special needs.

  • Superannuation Nominations: Ensuring your superannuation benefits are directed to your intended beneficiaries.