On first glance, the combination of choice, convenience and cost-saving may seem ideal for making a legal will without dealing with lawyers. However, be wary of a false economy. If a problem arises, you might end up needing a lawyer anyway and then paying more than if you had consulted one in the first place.
Ballantyne Law’s estate planning lawyers understand every aspect of will preparation and management, which means you, your executors and beneficiaries can be confident in our professional standards.
Dying without a will – known as intestacy – means the distribution of your estate may not align with your wishes, even if they were known and understood while you were alive.
The decisions you make around your death are among the most important in your life.
Ballantyne Law’s cost-effective and plain English assistance covers all aspects of wills and estate planning, offering the personal service and professional rigour that are reassuring for you.
After you engage Ballantyne Law, we promise to work closely with you to create a strategy that represents your needs and wishes in relation to:
DIY will kits such as those available from the Post Office, newsagents and online, are inexpensive legal documents that cover basic matters around wills.
Unfortunately, they are also prone to problems, including:
– being filled out incorrectly. This is a common issue that can result in a will being declared invalid, or equally worrying, being declared legally binding despite not meeting your intentions or wishes;
– not properly dealing with the loss of capacity and decision making if you are alive but unable to make decisions for yourself
– lack of sufficient advice and information on more complex estate matters
– for example, blended families, self-managed superannuation, taxation and financial commitments, business operations and more.
A will is just one component of a proper estate plan. While a will deals with the distribution of your estate after you die, you also need to consider other matters, such as your superannuation and your enduring powers of attorney. Ballantyne Law take a holistic approach to your estate plan, and our lawyers factor in considerations such as:
– a family business you would like to pass to a new generation
– wealth held through companies, trusts or superannuation
– family structure, whether traditional or blended with children and stepchildren
– concerns about hidden taxes, duties and future financial management
Power of attorney is your written authorisation for someone to make decisions on your behalf, such as in circumstances where you can no longer make decisions. These decisions can include decisions about financial matters, personal matters and health matters or and combination of these.
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