Planning your estate is not about planning your death but more about taking responsible action to secure the future of your loved ones. But despite that, 40% of Australian adults die without a will, which is quite a sobering stat given the consequences that follow.
A will is your ultimate legal tool to ensure your loved ones get their fair share of your property after your demise. This is what makes the job of wills and probate lawyers Perth so important.
But what exactly does a will lawyer do, and how can they help you? This blog will answer all your queries about will lawyers and why you need them. So, read it till the end and make an informed decision about your will!
Will lawyers Perth, WA, play a very important role in ensuring proper estate planning for individuals. This requires them to specialize in different aspects of will creation and management, resulting in them taking up many important responsibilities. So, here are some of the most important responsibilities of a will lawyer:
Of course, the most apparent and primary responsibility of a will lawyer is to plan your estate. This means they will look over the documents needed to plan your estate and provide clear information about your estate distribution. As a result, a competent wills lawyer must be able to create documents such as the power of attorney, trusts, advance care directives, and more.
The next important responsibility of a will lawyer requires them to draft your wills, which you can say is a cornerstone of their entire work. They will help you create legally binding documents that outline specific instructions about distributing your wealth. These lawyers will ensure that all the relevant conditions comply with all Australian legal standards.
As is the case with almost every other type of lawyer, dispute resolution is an important part of a will lawyer’s job profile. Research shows that 74% of estate challenges succeed, and this would not be possible without will lawyers resolving disputes. These lawyers will represent your interest in the court and resolve any differences between you and the opposing party as per Australian legal standards.
Administering your probate estate is another important responsibility of a will lawyer. These lawyers have the right competence to guide you through the complex legal statutes and ensure the successful completion of the probate process. They will look after everything from paying debts to gathering assets and distributing them as per the conditions of the will.
The final important responsibility of a will dispute lawyer Perth is to plan your taxes. They will evaluate all the aspects of your existing estate and determine the tax implications that follow. They will then help you navigate through the complexities of these tax regulations. As a result, you can save more and ensure your loved ones get the most out of your estate.
It is easy to give into the temptation of saving your costs by creating a will by yourself using some random online digital legacy service. But choosing a will lawyer for the job gives you multiple advantages such as:
Creating a will and managing all the relevant complexities is not easy. So, when you hire a will lawyer for this purpose, it gives you mental peace with an assurance that your affairs are in order.
Another important reason to get a will lawyer is to use their expertise and competence to your advantage. These lawyers have the proper knowledge of the relevant law, which they can use to ensure you get the best deal.
Any average Joe can draft a will using online resources, but ensuring it is legally binding is a tough nut to crack. This is where will lawyers can ensure that every condition is legally binding, leaving no room for disputes in the future.
Planning the events after your death is definitely an overwhelming experience for even the best ones of us. Therefore, leveraging the expertise of a will or power of attorney lawyer Perth saves you the trouble and ensures unmatched compliance. So, remain mindful of this information and get a proper will lawyer to safeguard your and your loved one’s interest today!
Thanks Wills Lawyers Perth WA for your assistance regarding how to update a will. Very helpful along the way and Explained everything i needed to know about making a will. Definitely recommend Wills Lawyer Perth to all who needs legal advise regarding making a Will and will dispute.
fantastic & quick legal service . i am more than happy to recommend you guys . Really appreciated the fact you got my friend will sorted within few days . Thank you so much wills lawyers perth WA for helping me
I fond wills lawyers perth to be very professional and knowledgeable. They took to the time and explained the entire process to me. Highly recommended wills lawyers in Perth and nearby area.