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The process of estate planning is so much simpler than you might expect. You do not need to go through all of your paperwork to make a will or assess the value of every item you own. At Eleven Legal we have different fixed fee Wills and Estate Planning packages available depending on your circumstances to ensure you assets pass as you wish on your death. We will even come to you, out of hours, to make things easier, or meet you via Zoom for our initial appointment.
WHAT IS THE PROCESS FOR PREPARING WILLS AND ESTATE PLANNING?
A will is a legal document that sets out your wishes for when you pass away. It outlines who you would like to receive your assets on your death, as well as:
- Who you would like to be the legal guardian of your minor children;
- Who you would like to be your executor of your estate; and
- Who you would like family heirlooms or special personal items to be given to.
Generally, the cost of preparing wills, powers of attorney and enduring guardianship’s for a couple is $1250 + GST. Not only can we assist you in preparing legal documents, but we can also:
- Write a will that maximises the inheritance for your family;
- Set up family and testamentary trusts (for more information about trusts, see this link);
- Advise you in regard to choosing executors and guardians;
- Minimise the chance that your will is contested and subject to litigation;
- Safely store your will and other important legal documents; and
- Advise you in regard to estate and probate laws.
Download our PDF for all you need to know about Estate Planning.
Visit this article to read our top reasons you should have a will. Did you know that planning NOW for your family’s future after you’re gone could save your family a lot of money if done properly? There are many legal and tax benefits that you can obtain from what lawyers and accountants like to call “estate planning”.
So many people say “I don’t need a will, I don’t own anything”. Have you thought about your jewellery, your superannuation, your digital content, who will look after your children once you’re not able to…..all these things need consideration. Making an effective legally binding Will and Testament can save your family not only stress but money in what will undoubtedly be a difficult time for them.
It is surprising how many people do not make a will, or do not change their will when their circumstances change (i.e. have children, divorce, acquire major assets). That said, estate planning is not only about having a will. For instance, did you know you can appoint someone to make important medical decisions when you are unable to? Or to handle your financial affairs if you can’t (whether it be because you are overseas or lose mental capacity)?
