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Wills & Estates

WHY IS IT IMPORTANT TO HAVE A VALID WILL?

Having a valid Will is the most effective way to distribute your estate and more importantly it is the only way you can ensure that following your death your hard earned assets are distributed according to your wishes. A valid Will is one way to make things easier for your family and beneficiaries in what is always a tough time of grief and transition.

 


WHY USE US?

On the Estate Litigation Expert Team, we have Maria Boitano, who has over 28 years’ experience in Estate Administration and preparing Wills with NSW Trustee and Guardian (The largest Will maker in NSW). As part of our service to you we can also advise on Succession Planning and tax effective ways to draft your Will. We encourage all our clients to keep their Will up to date and to review it periodically as their circumstances change.

 


FREE SAFE WILL STORAGE

We offer a safe custody security packet for all our Will clients and can keep your important documents such as Wills, Power of Attorney, Enduring Guardian and Title Deeds in safe keeping free of charge. Holding such important documents with the banks can sometimes not go as planned; they are so big and have so many documents you don’t get the personal service from them that you get with Estate Litigation Experts.

 


WHAT IF I DIE WITHOUT A VALID WILL?

If you die without a Will (“intestate”) it means that specific legislation and a formula will determine how your assets will be distributed and by whom. In some circumstances your assets may even be paid to the Government.
In the event that you die without a valid Will, we can assist the next of kin in an application for ‘Letters of Administration’ to the Supreme Court of NSW and help avoid losing your estate to the Government. We will assist with determining the beneficiaries entitled to share in the estate in accordance with the law and in distributing the estate according to the Laws of Intestacy. In some circumstances the Supreme Court may appoint an administrator (instead of an executor) to distribute the estate.

 


DO IT YOURSELF WILLS & WILL KITS:

Don’t make the mistake of trying to do it yourself. After all, you’re dealing with your hard-earned savings and assets that you’ve worked your whole life to get. You want to make sure they go to the people of your choosing and make sure the estate pays as little tax as legally possible. If you are not legally qualified then you risk making a very costly mistake, which could see your Estate end up in the Supreme Court to sort out.

What words mean to you is not necessarily the same as their legal meaning. Double meanings or uncertain wording is frequently seen in do it yourself Wills. This may end up costing your estate thousands of dollars and delay your beneficiaries in receiving their benefits while the matter is in the Supreme Court to resolve any uncertainty.

A Will Kit does not offer you with any assistance in Estate Planning or the tax effective aspects of a properly drafted Will by a Professional at the Estate Litigation Experts.

As the saying goes do not be “penny wise and pound foolish”, let us take care of making sure you have Valid Will.