Lexica | Information technology company

Lexica

Phone: +61 414 964 108

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• Estate planning solicitor

22.01.2022 Five important reasons you need an Estate Plan Reason 2. Choosing Guardianship for your children One of the most difficult but important decisions one can make is choosing guardians for your children, When you die, the other parent will automatically have parental responsibility, however in the event you both die and you don't have a will nominating a testamentary guardian, any person with sufficient interest can apply to the Family Court for a parenting order to raise your c...hildren, and this may not necessarily be the person of your choice. It’s uncomfortable to think about your own mortality, but unfortunately it is something that we are all ultimately powerless over, however what could be even more unsettling, is your children ending up in the hands of someone you simply never would have chosen to raise them. An Estate Plan is therefore crucial in making sure you have control & the final say over who ends up looking after your children. They are, after all the most important people in your universe and no doubt, you would want what's best for them.

22.01.2022 Do you know why 60% of Australians don't have a Will? Ask Lexica.Do you know why 60% of Australians don't have a Will? Ask Lexica.

19.01.2022 A great article that reads in simple terms about myths & misconceptions surrounding Family Estate Plans... /www.thebalance.com/estate-planning-myths-1289819

19.01.2022 Five important reasons you need an Estate Plan Reason 3. Minimise Tax Trusts are an effective safeguard in Estate Planning as they ensure that your property and assets are passed on to your beneficiaries in a financially efficient way. One important component to estate planning is minimising the taxes that your beneficiaries will have to pay upon your death. Additionally, effective tax planning can also help you to get the most out of your assets during your lifetime.

17.01.2022 Do you know the difference between a 'Basic Will' and an 'Estate Plan Will'? There are many reasons why an Estate Plan Will is significantly more secure, check out the table below for a comparison of a few important ones.

16.01.2022 'The Great Australian Dream' used to be owning your own home. Today 'The Great Australian Dream' is 'The Inheritance'. Sadly for many Australian families, their inheritance has become the only way for them to either buy a home or pay off their home.

15.01.2022 We want to educate people on the importance of Family Estate Plans, we recently posted about how Aretha Franklin surprisingly did not have an Estate Plan Will upon her death. Now let us show you an example of a celebrity who is to be commended and had the foresight to prepare a will and trust at a young age; this definitely served him and his beneficiary well by ensuring that his wishes were met in the event of his incredibly untimely death - something that none of us have the power to predict. /www.forbes.com/sites/trialandheirs/2014/02/10/five-estate-planning-lessons-from-the-paul-walker-estate/#304f14021fbb

09.01.2022 There are many reasons people require a Family Estate Plan, wealth being far from the only one or even necessarily the most important. In the case of Aretha Franklin who was wealthy beyond anyone's wildest imagination & who unbelievably at the time of her death, did not have a Family Estate Will, but what's even more staggering is that she has a special-needs child who requires financial & other forms of support throughout the entire course of his life. The Queen of Soul woul...d likely be turning in her grave if she knew the disastrous ramifications left behind for her son. Now lets have a quick look at just a few current disability statistics in Australia - Every 13 hrs, a child is born with cerebral palsy. Approximately 1 in 1,100 babies are born each year with Down Syndrome. Every 7 hrs, a child is diagnosed with an autism spectrum disorder. Every 2 hrs, a child is diagnosed with an intellectual disability. And to think more than half of all Australians don't have a will, contact us at Lexica to get the ball rolling - www.lexica.com.au https://www.freep.com///aretha-franklin-death/1060600002/

08.01.2022 Happy International Women's Day! Celebrate women's achievements, raise awareness against bias, take action for equality - #BalanceforBetter

06.01.2022 It was great to speak at the Association of Independently Owned Financial Professionals - AIOFP conference on the Gold Coast last week about Lexica our Estate Planning software. We learned a lot of valuable insights from the conference and will be sure to share them with you all soon.

02.01.2022 Five important reasons you need an Estate Plan Reason 1. Avoid Probate When a person dies, he or she usually leaves behind assets (money, property or other items of value) and debts of some kind. In probate, the court system takes stock of all of these assets, pays the debts and distributes anything that remains to person's heirs, if there is no will, the assets are distributed as the court deems appropriate.... The main reasons people try to avoid probate like the plague include - 1. It’s very time consuming & can take anywhere from 1-3 years or even longer if the Estate is a more complex one. 2. Probate can be very expensive; wills are highly contestable which can result in exorbitant litigation costs that can end up costing hundreds of thousands of dollars in fee's. 3. The Will of the deceased, once admitted to probate, is a public document, that anybody is entitled to apply for a copy of from the Supreme Court of NSW, provided they pay the relevant fee.