WILLS, ESTATE PLANNING & ASSET PROTECTION

Properly done estate planning by an experienced wills lawyer is the best insurance to protect you, your business, your assets and most importantly, your family.

COST EFFECTIVE WILLS AND ESTATE LAWYERS MELBOURNE

Many unforeseen and unanticipated circumstances may arise that could lead to your wealth going to unintended places.

Every adult should have a Will in place. A will is an important document in your overall estate plan, where you can decide how your estate is divided and who will receive your estate. However, there are many other important elements that must also be considered to fulfil your wishes and provide the best outcomes when it is needed most.

A well structured estate plan and asset protection mechanisms can maximise your wealth while minimising the risk of loss on you, your family and your business. A good estate plan ensures that you are in control of your assets while being adaptable as your circumstances change.

Everyone’s financial situation, family and goals are unique. Our wills lawyers and estate planning lawyers are committed to working hand in hand with you to create an effective and tailored plan – which is what is important! Whether you want to reduce future uncertainty, create directions or leave a lasting legacy, our wills lawyers and estate planning lawyers can assist you.

EXPERIENCED WILLS AND PROBATE SOLICITORS TOORAK

Our team of experienced wills lawyers can help you with:

Drafting Wills

Our wills lawyers can help you by drafting your new will tailored to your unique circumstances.

Advice And Preparation Of Testamentary Trusts

Testamentary Trusts are extremely beneficial in asset protection, however, for them to be effective, they must be prepared by an experienced and highly qualified wills lawyer – our team are leading Testamentary Trusts lawyers in Melbourne and can provide you with professional and appropriate advice.

Reviewing Existing Wills

Our wills lawyers can review your existing wills and estate plans to provide you with advice on clauses or determine whether it is up to date and appropriate for your circumstances.

Challenging Wills Or Contesting Wills

Challenging a will occurs where the validity of the will is put into question.

Contesting a will occurs when there is not question as to the validity of the will itself but that a person believes that they have not been adequately provided for by the terms of the will.

Disputing a will is any other dispute to a will, this may include asking the court to determine the meaning about an uncertain term to a Will.

Powers Of Attorney

Should you loose capacity or be unable to act on your own behalf, you can appoint someone to act on your behalf for personal, medical and financial matters. These powers of attorney include:

Enduring Power of Attorney
Appointment of Medical Treatment Decision Maker
Advance Care Directives

Obtaining A Grant Of Probate

Our wills lawyers provide easy and stress free assistance with probate and deceased estates of a loved one.

Mimise And Mitigate The Risk Of Claims To Your Estate

Our wills lawyers can help you prepare your will so that your wishes are followed through and prevent third party interfering with your wishes.

Estate Planning

Estate planning can be a daunting and complex process. Our estate planning lawyers can help you navigate the process and get your overall estate plan in place giving you peace of mind your wishes are followed through.

PROMPT AND HIGHLY QUALIFIED WILLS LAWYERS

why our clients choose us?

Having a Will and Estate Plan in place provides you and your family peace of mind. If you are looking for the best Wills Lawyers and Estate Planning Lawyers in Melbourne, trust Natalex Lawyers. Our team are committed to working hand in hand with you, and provide you with honest treatment, clear advice and smart strategies. Located conveniently in Toorak Village, we are your local law firm and provide outstanding legal services in Toorak and our surrounding suburbs. Give us a call on 9824 2222 to speak directly to a lawyer.

WHEN SHOULD YOU UPDATE YOUR WILL?

why our clients choose us?

There is no set age which you should get your Will drafted, but if your over the age of 18 it is a good idea to get one in place.

If you already have a Will, your Will should be reviewed frequently to ensure it is up to date and therefore effective when it is needed most. It is a good idea to review your will:

Every three years
When there is a birth of children in the family
The passing of a loved one in the family
If you, or a family member such as your children, gets married or into a long term relationship
Divorce or separation of yourself or a family member
Acquisition or sale of property or investments
Other significant changes of circumstances

If you are looking to get your will in place, or want to review your will and estate plan, contact our team of experienced wills lawyers on 9824 2222.

ASSET PROTECTION

TESTAMENTARY TRUSTS

Testamentary Trusts are a crucial part of estate planning and very effective in protecting your estate. Testamentary trusts are not a copy and paste document and require careful attention to detail by a qualified lawyer with the skills and experience to draft them tailored to your personal and family circumstances to be effective.

Testamentary Trusts are becoming more and more popular due to their many advantages, in particular, their unique asset protection and taxation advantages, as well as flexibility and control over how assets are distributed to beneficiaries. They are a very effective estate planning tool to provide for spouses, children and grandchildren.

So, How Do Testamentary Trusts Work?

A Testamentary Trust is created under a Will and comes into play once a person passes away. the assets held in the Testamentary Trust are controlled by the trustee and the benefit of the income, investments, and capital of the trust are passed to specifically chosen beneficiaries. it is this separation of ownership which is how beneficiaries and your wealth are protected, and your estate is shielded from attack by third parties.

The asset protection advantages of testamentary Trusts can include:

protection from creditors when facing bankruptcy and creditors – commonly where there are bad business decisions, or acting as a guarantor for another party
protection of assets from a breakdown in marriage or separation if there is de facto relationship break down
protection of distributions from Will challanges
protection for beneficiaries in high risk jobs or business where they can be subject to litigation
having the power to determine who gets what and how
prevent unintended people from taking your hard earned wealth
minimise family conflicts with inheritance
prevent beneficiaries from wasting inheritance
keep your wealth in your bloodline
ensuring your wishes and intentions are followed through
create a greater taxation advantageous position for beneficiaries
create in place strategies for wealth generation for future generations

Each individual circumstance is different, and customised testamentary trusts are one important part of an overall estate protection strategy. Give our team of Wills Lawyers a call on 9824 2222 for more information.

Another element that can be included in your personal estate plan, are Binding Financial Agreements. Binding Financial Agreements are colloquially referred to and known as prenuptial agreements, or postnuptial agreements. Click Below for more information about Binding Financial Agreements.

PROBATE LAWYERS

If is often mistakenly assumed that a Will may be affected immediately once the Will maker has passed, however, this is not always the case. Before a Will can be acted upon, the Court will need to grant probate.

Probate is a legal process where the court determines whether a Will is value and authentic.

In the State of Victoria, probate is determined by the Supreme Court of Victoria and it is usually applied for by the executor named in the Will.

When probate is granted, the executor is given the legal right to be able to act in accordance with the directions set out in the Will, manage the estate, distribute the assets and capital to the beneficiaries and carry out the intentions of the Will maker. This includes allowing the executor the ability to deal with real estate and have access to bank accounts.

There are very limited circumstances where probate may not be required, but it is important to know what actions are necessary when dealing with a deceased estate ignorer to effectively and efficiently manage the estate and ensure all legal responsibilities are fulfilled.

HONEST TREATMENT CLEAR ADVICE SMART STRATEGIES

LET'S WORK TOGETHER

We know that your case is unique and therefore, so is our approach.

Our lawyers at Natalex Lawyers are dedicated to providing you with professional and high quality legal advice tailored to your unique circumstances.

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