Adoranti Lawyers in Wallsend, New South Wales | Estate planning solicitor

Adoranti Lawyers

Locality: Wallsend, New South Wales

Phone: +61 2 4044 4706

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• Estate planning solicitor

21.01.2022 It is generally believed that death is final. However, a grieving family knows only too well that the death of a loved one can trigger events that may drag on for years afterwards, especially when it comes to sorting out the estate of the deceased person. Outlined below are some suggestions that may help reduce the burden on those you leave behind. 1. Prepare a will. A properly prepared will is one of the crucial elements of your estate planning. Your will should not only s...tate how your assets are to be divided, it should also nominate an executor who will be responsible for carrying out your wishes. When preparing a will it is important you make adequate provision for your dependents, and clearly document the reasons for your decisions to help minimise the risk of your will being contested. 2. Establish a Power of Attorney. Whilst a will deals with your estate upon your death, Powers of Attorney are designed to deal with your affairs while you are still alive. Powers of Attorney enable you to appoint an individual to deal with your affairs if you become incapable of making your own decisions. They can be as wide-ranging or as limited as you require or desire. 3. Appoint a guardian for children. If you have young children, appoint a guardian to care for them. In doing so, you can provide that guardian with guidance about your child’s upbringing, and make provisions for your children’s financial future using the most tax-effective means available. 4. Make binding death nominations. It is also important that binding death benefits nominations are made on superannuation and retirement income stream products as they ensure these funds bypass an estate, and in so doing, be excluded from any claims against an estate. And make sure you keep them current. 5. Cover those assets not covered by your estate. One of the most common mistakes made in estate planning is leaving no instructions for those assets not covered by your estate, such as assets held in trusts and companies. Separate provision needs to be stipulated to ensure that control of these assets passes on to those you intended. This list covers important aspects to consider, however professional advice should be sought to tailor your estate plan to your individual circumstances. Then you can get on with living your life. Call Adoranti Lawyers on 02 4044 4706 for more information.

20.01.2022 Are your Estate Planning documents up to date? http://www.adorantilawyers.com.au/areas-of-p/wills-estates/

16.01.2022 One of our lovely clients had a beautiful bunch of flowers delivered today to our office. After a difficult settlement our clients are finally all settled in their new home thanks to all the hard work from Gino, Katie and the Adoranti Lawyers team.

16.01.2022 Contact us to get legal advice that doesn't cost the earth. http://www.adorantilawyers.com.au/

12.01.2022 New website we launched recently for Adoranti Lawyers a new corporate identity for Gino's legal practice located at Wallsend. Great people to work with.

11.01.2022 One of our lovely clients had a beautiful bunch of flowers delivered today to our office. After a difficult settlement our clients are finally all settled in their new home thanks to all the hard work from Gino, Katie and the Adoranti Lawyers team.

07.01.2022 Call our team for advice on buying or selling a home. Phone: 02 4044 4706 http://www.adorantilawyers.com.au//conveyancing-property-/

05.01.2022 http://www.adorantilawyers.com.au/areas-of-/commercial-law/