Wills & Powers of Attorney
A will is a legal document that sets out how your assets are to be divided after you die. To prepare a will you must be over 18 years old and have a full understanding of what you are doing. Your will must be in writing and must be signed by you in the presence of two other witnesses in order for your will to actually be valid. It is important to have a will so that your estate can be distributed to family and friends that you nominate and not administered under Government legislation if you do not have a will when you die.
We specialise in preparing accurate and valid wills in accordance with the Law that governs Victoria.
We are able to assist clients with the preparation of Wills, Powers of Attorney and matters relating to estate planning.
If you die without a valid Will, your assets will be distributed according to a government formula. There may be a significant taxation impact on your estate and your beneficiaries. Estate Planning involves drawing Wills and Family Trusts to ensure that wealth passes between family members without interference from others.
Estate Planning minimises the tax that would otherwise be payable if you do not structure your affairs properly. Many people are unaware of the significant taxation savings that a well drawn Will can pass to their children and beneficiaries.