Why You Need Our Wills and Estates Lawyers to Help Protect Your Loved One's Inheritance
If you own property or any other assets, you should think about how they’ll be distributed amongst your loved ones when you pass away. If you die without having a legally valid will and estate planning in place, the law may select who your assets will go to. Anyone over the age of 18 can make a will, so it’s a good idea to get your affairs in order so that your family doesn’t have to worry about how they’ll pay for your funeral or pay off any debts while they’re grieving. Also, creating a will with a lawyer will ensure that you can specify who gets what and who will be legally responsible for administering your estate after you’ve gone.
As well as choosing who gets certain assets such as your money, house, car, photos, or any jewellery, you can also express if you wish to be buried or cremated, who should look after any of your dependents, and if you want your organs to be donated.
You should employ the services of will and estate planning lawyers in Melbourne to ensure its validity and that there are no errors. Read More
How Frequently Should I Update My Will?
You can change your will at any time; however, it’s recommended that you create a new one each time you need to make a change. Making a new will usually overwrites the most recent version. You might wish to update your will when:
- You get married or divorced.
- You acquire a significant asset or invest in stocks, shares, or property.
- You become involved in a new business or trust.
- Someone in your will passes away.
- You wish to add or remove a living beneficiary.
- You want to change your executor.
What Else Can Our Wills and Estates Lawyers in Melbourne Assist With?
If you’ve recently suffered a bereavement, firstly, we are very sorry for your loss. This can be a very difficult time for many reasons. You might also be in a position where you’ve got to think about planning the funeral of the deceased as well as sorting out any financial affairs they left behind. There will often be some disputes involving the will your loved one had drawn up. Our will and estate lawyers specialise in dispute resolution and can help you to understand what rights you have and explain your options. Examples of will disputes might include:
- Missing beneficiaries.
- Delays in proving the will and distribution of assets.
- The will was directly influenced by parties other than the deceased.
- Someone has contested the mental capacity of the deceased and believes it wasn’t adequate.
- Someone that the deceased didn’t give them a fair share of the assets.
- Multiple beneficiaries require clarification on the meaning of the will.
- Someone is challenging the deceased’s choice of executor and believes they are failing to administer the estate in a fair and timely manner.
Book a FREE 15-minute consultation with our team at Velocity Legal about wills and estate planning in Melbourne if you want to contest a will. Read Less
