WILLS & ESTATES

WILLS & ESTATES

Wills & Estate Solicitor on the Gold Coast

LET'S TALK

DO YOU HAVE A WILL?


We can assist you with drawing a will. A will dictates who will receive your assets in the event of your death.

In our initial appointment, we will ask who you wish to appoint as executor and trustee (the person in charge of your estate when you pass) and who you would like to benefit on your death (your beneficiaries). Your executor and trustee will usually be a family member.

We will also discuss the types of assets you own or have an interest in and how they can be effectively dealt with in your will. 

Superannuation may need special consideration. We can discuss whether it would be beneficial to have a binding nomination leaving your superannuation to a spouse or child or whether it would be beneficial to leave it to your estate.

Once we receive your instructions, we will prepare your will. Before ending your initial appointment, we will make a time for you to return within seven days to sign the will. We will forward the draft will to you for consideration before the second meeting.

We know it has taken you a long time to make the first appointment, so we will not allow you to delay any longer!

We can store your original will for you at no cost!

It is important that you tell your executor where the original will is held.

If you do not have a will when you die, your estate is distributed according to law. You will not have a say as to who benefits from your life’s work on your death. Nobody wants that!

Many people are superstitious and believe they will die if they make a will. This is not true; we have many live clients who have made wills to prove it!

We charge a set fee for a standard will and offer a discount if two wills are prepared at the same time, usually husband and wife wills. Most wills fit into this category.

If you have a more complicated will, then we charge an hourly rate for all time spent by one of our lawyers.

DO YOU HAVE AN ENDURING POWER OF ATTORNEY?


It is important to have make an enduring power of attorney whilst you are in good health as there may come a time when you are unable to make decisions for yourself. 
In making an enduring power of attorney, you are appointing a person or persons who you trust (usually a spouse, partner or adult child) to make decisions for you in relation to financial and personal health matters. It must be someone you trust.

With financial matters, you can nominate when the power is to begin. It may be useful to have it effective immediately if you travel overseas or work away. You may be unwell and spending a lot of time in hospital, so it might help to have your attorney take the burden of managing your finances away from you. 

With personal or health matters, your attorney can only make a decision for you if you have lost capacity.

Should you not have an enduring power of attorney in place, there will be no one to make decisions on your behalf if you lose capacity. Usually a family member or close friend is left to make an application to a tribunal to be appointed as your administrator or guardian. This process can take months.

It is so much simpler to make an enduring power of attorney. We can also help with an advance health directive.

We charge a set fee for preparation of an enduring power of attorney and give a discount if it is prepared at the same time as we take instructions for your will!

ADMINISTRATION OF DECEASED ESTATES


On your death, your executor is in charge of your estate (all of your assets and liabilities). We can guide your executor through the process of administering your estate.

A grant of probate is not necessary for every estate. We can advise as soon as the assets in your estate are determined as to whether it will be necessary for a grant to be applied for. A grant of probate is simply recognition by the supreme court that the will attached to the application is your last will.

We ensure documents filed with the court are accurately prepared by a lawyer. This will prevent delays.

We can assist in the sale or transfer of assets, such as the family home, investment properties or shares. We also attend to the closing of bank accounts, payment of debts and final distribution of the estate in accordance with the will.

Our professional costs are charged at an hourly rate, so you are only charged for the time a lawyer spends on your matter. Disbursements are charged separately and itemised. We consider this to be the fairest approach as some matters are more complex and require more time than others.

WILLS AND ESTATES

Call Lili Bulyk Solicitor & Attorney to prepare and get all your affairs in order. We’ll help you with your wills and estate matters in a way that you’ll feel confident that everything has been taken care of and prepared for when the time comes. Call today for a quote.
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