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Estate planning is the process by which an individual or family arranges the transfer of assets in preparation for death or incapacitation. Simply put, it allows you to arrange your affairs now, so they can be continued according to your wishes, in the event of your death or serious illness.
You, like most people, want peace of mind and certainty about what happens to your assets in the event of your death. Having a well drafted will has become even more important in our ever-changing society. We can make sure that your family members are aware of what you would like to happen to your assets and in doing so minimise potential disputes over your estate after your death.
A testamentary trust is sometimes necessary to ensure your bequests reach your intended recipients. An independent trustee can guarantee that vulnerable beneficiaries, such as very young children or the ill, incapacitated, unstable or disabled, will be provided for.
Probate and Letters of Administration allow for a Court to grant an executor the ability to deal with a deceased persons estate. This is normally when the nominated executor is unable to deal with your estate effectively.
The law recognises that sometimes, people who would ordinarily be a beneficiary under a Will may either not be provided for or may be inadequately provided for.
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