Estate Planning Is All About the Will, Right?

As important as it is, there's more to estate planning than having a Will. A properly drafted Will, by an experienced practitioner, is the best way to meet legal requirements and minimise the chances of any disputes arising that might result in a contested Will.

Appoint a Power of Attorney

Another important document is a Power of Attorney. This involves appointing someone to act legally on your behalf. It is important that the person appointed is someone that you trust because what they do in your name will be legally binding on yourself. Given this, it is always prudent to obtain legal advice.

Use a Trust

A trust that comes into effect after death is called a Testamentary Trust. It is useful as a means of providing greater control over the distribution of the estate’s assets to those who the deceased wished to benefit.

Tax Planning

Estate planning will have tax implications. By identifying potential issues early on, such as tax returns or possibly superannuation issues, we can find solutions to minimise the tax implications.

How can Szabo & Associates Solicitors help?

At Szabo & Associates Solicitors, we can assist with all your estate planning needs. This can include writing a Will and keeping it in safe custody, assessing your assets,  help minimise your tax liabilities and keeping your Will and estate plan current as key life events unfold.

Contact our Wills and Estate Lawyers in Sydney, NSW

If you wish to discuss any of the issues raised here or any other related matter please contact us on (02) 9158 6333 or complete our online contact form.