Preparing a will or estate is not a very pleasant and easy task. After all, this act is an acknowledgment of your inevitable demise. That is a reason why many adults avoid the cornerstone of their estate planning. A survey had shown that every two out of 5 Australians above age 45 haven’t yet prepared their will.
But, preparing a will is one of the crucial things you can do for your dear ones. Putting your wish on papers and getting it a legal coverage will help your heirs to avoid any hassles and you can also gain more peace of mind by knowing that your earnings of a lifetime will reach to the right hands.
“A free will is a critical way for you to stay in control by specifying who gets what from your hard-earned property”, says Sally Hurme, a leading attorney, “by planning it, you are saving the time and money of your heirs.”
In Australia, the laws regulating the wills and estates vary from state to state. If you aren’t familiar with the terms, it is ideal to consult a knowledgeable lawyer or choose a skilled estate planner for advice and legal aid. Here are a few things to consider while you plan to do so.
Choosing a lawyer for wills and estates
No doubt that an experienced lawyer will provide you with the needed advice and expertise in drafting the wills and estates Perth by genuinely reflecting your wishes. Even though hiring a lawyer’s time may cost you a bit, a skilled professional can ensure that you consider all aspects of the estate distribution and draft a find copy of the bill which reflects all your wishes in a balanced and legally valid manner.
While you prepare a free will, a good lawyer can help you in:
- Understanding what you wish to and why
- Make sure that your will is compliant with all laws of the local province to be valid.
- Help reduce taxes and other costs involved, which otherwise your heirs may need to face after your demise.
- Ensure that you prepare your estate quickly, settled, and a proper guardian is chosen to take care of your kids.
- Can make a note of your mental capacity to prepare a free will.
Choosing an estate lawyer
You can always choose a lawyer you know or referred by someone whom you trust. Just ask the lawyer whether they have exposure and expertise in handling wills and estates. It is always better for you to choose a specialized ‘wills and estate’ lawyer than approaching any attorney at random.
You can ask your friends and family members to recommend a lawyer whom they were happy with if they have prepared their will. Doing so will at least give you an opportunity to know if there is someone on the list to be avoided to be considered as your law consultant. Other sources of information about the reliability of a lawyer in will and estate preparation may be your accountant, insurance agent, or financial advisor who may be able to give better recommendations based on their experience.