Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Will & Testament law in Turramurra, Australia, concerns the legalities of planning for your estate and possessions after your death. This includes specifying how your estate should be handled, who should inherit your assets, and appointing an executor to ensure your wishes are carried out. A valid will is imperative to avoid disputes and to ensure your belongings are distributed according to your wishes.
Creating a will and testament involves a deep understanding of the law. If not prepared correctly, it can be contested, leading to potential disputes among beneficiaries. In cases where you have a large or complex estate, own a business, have children from different marriages, or want to allocate assets to charity, you would benefit from the guidance of an experienced lawyer. Estate planning can also involve strategies for minimising tax obligations which a lawyer can help with.
In Turramurra, like the rest of Australia, anyone over the age of 18 and of sound mind can make a will. The will must be in writing and signed by you and two witnesses. If a person dies without a will (intestate), their estate is distributed according to a pre-determined formula with certain family members receiving a defined percentage of the assets, which may not align with the person's wishes.
If you die without a valid will, you are considered to have died intestate. The law will dictate how your assets are distributed, and this may not reflect your wishes.
Yes, you can change your will at any time. It is recommended that you review your will every few years, or after significant life changes, such as marriage, divorce, or the birth of a child.
An executor is a person appointed in your will to administer your estate and ensure all your wishes are carried out upon your death.
It depends on the country's laws where your assets are located. It's essential to consult with a lawyer who understands international wills and probate rules.
You have the freedom to distribute your estate as you please. However, excluding dependents like partners, children, or those who are financially dependent on you could lead to your will being contested.
To better understand Will & Testament law, you can consult resources provided by the New South Wales Law Society, the Public Trustee, or the Australian Taxation Office. These can provide general advice and information.
If you need legal assistance in drafting a will, updating an existing one, or dealing with the estate of a loved one, seek the help of a lawyer who specialises in Wills & Testaments. It's advisable to gather relevant details about your assets and debts before your appointment to help ease the process.
