As we get older, it becomes even more important to look ahead and plan for our
wellbeing by taking control of our future financial, medical, health care and other needs as much as possible. Estate planning is a way to ensure your wishes are respected, even if you’re unable to express them or are no longer around.
While everyone’s needs are unique and of varying complexity, there are a range of reasons many people seek the help of an estate planning lawyer to put an estate plan in place, including a change to:
- your personal situation, such as starting a new job or getting married
- your family situation, such as having children or gaining grandchildren, or ending a marriage or de facto relationship
- your financial situation, such as buying a property or bankruptcy or legal claims
- your wishes, since making a will many years ago.
- ensuring your loved ones will be looked after
- protecting loved ones who may be vulnerable
- preventing your assets from ending up in the wrong hands
- ensuring your wishes are carried out
- minimising the risk of disputes, and
- minimising the tax payable on your estate.
The best estate planning strategy is to have one
While no one wants to think about it, in the event that something happens to you, important decisions need to be made. During a difficult time, having an estate plan means that those closest to you will be able to carry out your wishes with certainty - quickly and easily.