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Estate planning in Loganholme, Australia, revolves around creating a flexible plan for your financial, medical, and personal affairs during your lifetime and after your death. The goal of estate planning is to protect your assets, minimise taxes, ensure your wealth is distributed according to your wishes, and provide for the well-being of your family and loved ones.
Estate planning can involve complex legal processes, and one wrong move could potentially jeopardise your wishes. Lawyers advise on and create legal documents like wills, power of attorney, advance health directives, and more. They help ensure your estate plan abides by the law and meets your individual needs. If you have a substantial estate, own a business, or have a blended family, a lawyer's advice may be invaluable.
In Loganholme, Estate Planning falls under Queensland’s Succession Act 1981. A will should be in writing, signed by the testator, and witnessed by two people. An executor is appointed to administer your estate after death. If no valid will exists, the law determines estate division. There are also specific rules around family provision applications and intestate succession.
Without a will, your estate will be divided according to a pre-determined formula set out by Queensland's intestacy laws. This may not align with your preferences.
Yes, you can alter your will at any time. However, changes should be made with legal guidance to ensure validity.
Although not mandatory, a solicitor can ensure the document is properly drafted and adequately represents your interests.
Under Queensland law, a spouse, child, or dependant can potentially contest your will after your death.
A review every two to three years, or after major life changes like marriage, divorce, or the birth of a child, is recommended.
You may find further assistance from organisations like the Queensland Law Society or the Public Trustee of Queensland. Government resources, such as the Queensland Government's Wills and Estates page, can also be helpful.
If you need legal assistance in Estate Planning, consider meeting with a qualified lawyer. Prior to your meeting, make a list of your assets, liabilities, and understand your objectives for your estate to ensure a productive discussion.
