Wills & Estates
The most important thing you can do for your family is to have a plan in place. And it doesn’t have to be complicated.
Overview
The Importance of Wills and Estate Planning
Planning for the future of your loved ones can be a daunting undertaking. Issues of tax implications, asset allocation, and other legal concerns can all be overwhelming. Dealing with matters relating to your family can also be a sensitive issue. Our team of wills & estate lawyers understand all this. They’ll help you navigate this complex but necessary process, ensuring your family is fully protected.
How Our Estate Lawyers Can Help
Stringam’s estate lawyers play a key role in the planning and the administration of wills, trusts, and estates. From wealth protection to asset allocation to dispute resolution – we are here to walk you through every step of the way. Every situation is unique. We’ll help you make informed decisions based on your family’s best interests.
Our Experience
Stringam’s team of lawyers specialize in helping clients with all aspects of wills & estate. With decades of experience, we serve clients from all walks of life to ensure their estate is protected accordingly. We recognize navigating family and finance can be a sensitive issue. Our lawyers will handle your case with tact and compassion, representing you to the best of our abilities.
What We Can Help With
Wills
Wills allow you to distribute your assets according to your wishes. Without one, it is left to your surviving kin or friends to navigate administering your estate whilst grieving, and this may result in the legal costs coming out of your estate, leaving less for beneficiaries, and may not be in accordance with what your wishes were at the time of death. We’ll help you draft up your will that reflects your wishes and streamlines the process better for when you pass.
Power of Attorneys
The Power of Attorney document allows someone of your choosing to represent you in any legal decisions regarding your assets. If you lose mental or physical capacity (diagnosed by two independent medical professionals), you’ll have someone you trust to handle your financial affairs on your behalf. This can also come into effect without losing capacity, if you so choose.
Personal Directives
Should you lose mental capacity (diagnosed by two independent medical professionals), a personal directive allows your representative to make health-related decisions for you. These decisions can include, but are not limited to, treatment options, where you’ll live, who you associate with, what events you participate in, and who’ll be your guardian.
Trusts
Setting up a trust can give you many benefits, including better protection of your assets, tax advantages, and control of your inheritance. We’ll assist you on all aspects of preparing a trust tailored to your circumstances.
Estate Administration
Stringam assists executors and personal representatives with all aspects of estate administration. Estate administration involves the process of distributing someone’s assets upon their passing. This can be with or without a will.
Other
Other estate services we offer include real estate and other estate asset transfers and sales, business succession, notifying beneficiaries, and various disputed matters.
Meet The Wills & Estates Team
Connect with our lawyers specialising in Wills & Estates for personalised legal guidance.
FAQs
Why is having a will so important?
A will ensures your assets are distributed according to your wishes after your passing. Without one, your estate is susceptible to litigation, which may not reflect your intentions.
When should I make or update my will?
It’s a good idea to create or review your will after major life events such as marriage, separation, the birth of children, purchasing property, or significant changes in assets. Regular updates help ensure your estate plan stays current.
What is a Power of Attorney?
A Power of Attorney is a legal document that allows someone you trust to manage your financial and legal affairs if you are unable to do so. It can take effect immediately or only if you lose capacity, depending on how it is drafted.
What is a Personal Directive?
A Personal Directive lets you appoint someone to make personal and healthcare decisions on your behalf if you become unable to make those decisions yourself. This can include medical treatment, living arrangements, and day-to-day care decisions.
Do I need both a will and a Power of Attorney?
Yes, most estate plans include both. A Will deals with what happens after death, while a Power of Attorney and Personal Directive cover decisions during your lifetime if you are unable to manage your affairs.
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