Estate Planning Lawyers at Eden King Lawyers is here to help you to plan ahead with your estate planning in Sydney.
Estate Planning should be planned well in advance and should not be left until it is too late. A well-planned strategy will provide your estate and family members certainty and saves expenses in the long term. Our estate planning lawyers in Sydney offers expert legal assistance and guidance for planning an effective and economic long term strategy for your estate.
Estate Planning involves the following:
- Making a will
- Powers of Attorney
- Appointment of Enduring Guardian
- Probate & Administration
- Estate Litigation / Will Disputes
Powers of Attorney
At some point in time in the future, you may need someone to look after your financial and welfare affairs. This may be in the short term, if you go abroad, or permanently if you become incapable of managing your own affairs. Indeed, if you have not appointed an attorney and become incapable of looking after your affairs, then your finances cannot be dealt with until the court appoints someone. This can be a complicated, expensive, and extremely lengthy procedure. Our estate planning lawyers in Sydney can advise you fully on what powers you may need in the Power of Attorney and how to draft it to best suit your needs.
Appointment of Enduring Guardian
An Enduring Guardian is a similar concept to a Powers of Attorney in which you allow the Attorney to makes decisions on your behalf. However, an enduring guardian will only come into effect when you have lost the capacity to make those decisions. An Enduring Guardian can also make health and lifestyle decisions for you.
You can choose when and appointment takes effect, whether it be from the date you sign the document, the date the appointment is accepted, or upon some other event such as medical evidence being provided to the effect you have lost capacity. Decisions will continue to be made by you until you lose capacity.
Our estate planning lawyers in Sydney are well aware that, unfortunately, at times of bereavement, family circumstances can become acrimonious and the estate becomes in dispute. What’s important is ensuring that your interests are protected and that you understand your entitlements and obligations. Whether the dispute is between the beneficiaries and executors or guardianship and administrator, our friendly and experienced estate planning lawyers in Sydney will be able to advise and act on your behalf.
Trusts have many uses, the most common being family and asset protection and tax planning. However, there are also particular trusts for disabled people and charities. Our estate planning lawyers in Sydney have experience in drafting and administering all types of trusts and in advising clients on tax treatments of different types of trusts.
If you’re looking for a firm, retentive, and highly experienced in estate planning that too in the budget, contact us today!