Wills & Estates [read more…]
Trusts [read more…]
YOUR LAST WILL AND TESTAMENT
When you need an expert estate lawyer to handle your Will, your Estate, or your Trust Administration or recovery, trust A.D.S. Lawyers to help you provide the best protection for your loved ones (before and after you go).
Our offices are located at Suite 12, 104 Gympie Road, Strathpine 4500.
When it comes to handling your Will Estate, or Trust Administration, it’s important to ensure your intentions are made clear, regardless of how simple or complicated your circumstances.
We also handle these key areas as part of your Estate planning needs:
• Powers of Attorney
• Advanced Health Directives
• Superannuation Death Benefit Nominations.
YOUR WILL IS HELD IN OUR SAFE STORAGE
Your Will and the Will of your Loved Ones can be (or may already be) held securely in our SAFE Storage. Contact us for more information.
ALTERING YOUR WILL
If you have an existing Will, is it accurate and up to date? Updating or altering your Will so that it properly reflects your current circumstances is so important. Often times an old Will may not adequately deal with the current situation of your family or your estate.
Without an accurate and up to date Will in place, everything you worked for may not go where you intended. Parents may have children with acute financial problems or who are going through personal relationship matters. Relationships can also break down with spouses. When circumstances change, it’s time to update your Will.
We recommended you revisit your Will at least every five years.
We make updating your Will easy. Contact us to make a time to discuss updating your Will for you, on 1300 ADS LAW, or click on the link below to email us.
MAKING A NEW WILL
The question is often posed “Do I need a Will?” This can be a common question asked by many young people, single people and those who believe they have limited assets. It is important that everyone, no matter what their individual circumstances, should spend time with a lawyer making an accurate and up-to-date Will.
Most people don’t realise that even within their normal superannuation fund, they have several hundred thousand dollars in superannuation life insurance. This is a significant asset that most people will not have considered how they want it dealt with after they pass away.
Not having a Will could mean any assets you do have are held by the Public Trustee while your Estate is dealt with. This can put a significant delay in administering your Estate after you pass away and worse still, may result in your Estate passing to relatives whom you did not intend to benefit from your Estate.
Making a Will is a fairly easy process and one you should definitely spend the time to do, and do right.
Whether you would like to alter an Existing Will or set up a new Will, A.D.S. Law can provide a free 15-minute Will consultation in our Strathpine offices on Brisbane’s Northside.
This will help you understand what’s going to be involved in making your Will.
Our free 15-minute Will Consultation involves sitting down with one of our lawyers, who will determine how simple or complex your Estate is, and from there determine what kind of Will is best going to suit your circumstances.
Contact us on 1300 ADS LAW or visit our link below.
At its simplest, a Trust is created when someone (the Trustee) holds something of value (like money) given to them by someone else (the Settlor) not for the Trustee themself, but on Trust for someone else (the beneficiary).
A very common example is when someone dies, their deceased estate is held in Trust for the Beneficiaries named in the Will.
Indeed the powers of the Trustee of the deceased estate are regulated not only by the Succession Act but also by the Trusts Act.
You may be the Beneficiary of a Trust without You even being aware of it.
For example, unclaimed monies are held by, say banks, on Trust for whoever turns out to be entitled to the funds.
Trusts are often used for tax planning and business structuring.
The deeds creating trusts can range from relatively straightforward to exceedingly complicated documents.
We also assist in connecting Monies held on Trust with the correct Beneficiary.
BOOK A FREE 15-MINUTE WILL CONSULTATION
To read more about the finer points of making a Will and general Estate planning, you can read our article here: Where there is a will, there’s a relative.