Bruce Graham Lawyers
WILLS &
ESTATES
Wills:-
Most people know that a Will is a legal document which is prepared to
reflect a person's wishes in regards to what happens with their assets
when that person dies. For some people it is one of the most important
documents that they will ever make, particularly if they have young
children.
Not only does
a Will put on record what you want to happen, it avoids the need for a
State Government to become involved with your estate when you die.
Our service
includes providing you with full advice about your rights and the
obligations of the people mentioned in your Will, such as the Executor,
Trustee Testamentary Guardian as well as potential beneficiaries.
Please note
that there are many other matters you should consider. It is likely
that you will require much more specific advice and assistance. You are
welcome to contact our office if you have any queries in relation to
the matters raised and we would be only too happy to take your
instructions and offer friendly and efficient advice.
Estate
Administration:-
Estate Administration is the broad term given to work which is
performed in finalising a person's affairs after they have died.
Hopefully a
deceased will have left a Will which indicates what direction must be
taken in order to administer their affairs after their demise. If the
deceased has not left a will, the matter becomes much more complex.
Sometimes with
a large Estate a special type of Court order called Probate may be
required. Probate is the sanction of the Supreme Court of the relevant
Jurisdiction (and therefore a legal document), which gives the
Executor/Executrix mentioned in the Probate document, the authority to
act on behalf of the estate of the deceased. Accordingly with Probate,
financial institutions that retain investments can be requested to
release the assets in accordance with the direction of the Executor/Executrix.
A brief list
of tasks required to administer an Estate includes:
- Funeral.
- Property secured.
- Death Certificate arranged.
- Creditors notified and outstanding bills
paid.
- Bank accounts, Insurance and Superannuation
policies collected.
- Assets distributed to beneficiaries.
- Final tax return lodged for both the
deceased and the Estate.
The death of a
loved one is a very sad and stressful time and many people would rather
not concern themselves with these types of tasks. Please contact us if
you would rather have us handle the complete administration.
Why not contact us for an appointment.
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