Wills & Estate Law

Wills and Estate Law Provided by Sedley Koschel Law. A Recognized Queensland Law Firm

YOUR LEGACY MATTERS

S.K. Are A Member of Queensland Law Society

Wills and estate law requires the guidance of expert lawyers and that’s why Sedley Koschel Law is a recognized Queensland Law Firm. Wills & Estate Law causes a lot of eyes to glaze over however it is an extremely import factor when planning your future. Sedley Koschel Law is here to complement your financial services and estate planning. We currently refer & contract to a third party Solicitor to support our clients in Brisbane, Hope Island and Mount Isa.. This service solidifies our reputation as a one-stop-shop for all of your financial and now estate planning needs.

PEXA Certified Member

PEXA helps Lawyers, Conveyancers, and their clients by offering Security, efficiency, collaboration, and flexibility to complete settlements from anywhere. If you have been searching for the right lawyers for your will or estate management then look no further than S.K. We have advisor who can meet your needs and help navigate an ever-changing economic landscape, we would love to work with you.

Sedley Koschel Wills & Estate Law
Wills

What We Cover

A Will is a legal document that outlines your wishes for how to distribute your assets after your death. If you tick any of these – you should make a Will:

  • You are a human adult and will die one day
  • You have a job
  • There are people or causes you care about
  • You live in a country with laws about taxes and dying

If drafted properly, a Will can help to avoid family disputes and ensuing legal costs. It is important to have a Will even if you think your circumstances are very simple.

When deciding what to include in your will some things to consider are:

  • Guardianship of minors
  • Identify all your assets and which ones will form part of your estate
  • Decide if you want to leave any specific assets to certain individuals
  • Decide who you wish to benefit from your estate – the Family Provision Legislation may require you to provide for certain family members so you should ensure they are all considered

Choose someone you trust to be your executor

These are only a few questions to start thinking about before signing your Will.
If you do not have a Will or your Will is invalid, your estate will be divided under the government’s intestacy laws which differ for each state/territory. This means the legislation in your state/territory will determine how your assets are distributed. This may not be consistent with your wishes.

You should review your Will regularly to ensure it continues to reflect your wishes. Make sure you consider any changes in your personal situation, e.g. marriage, divorce, the birth of a child, death of an executor or beneficiary, purchase/sale of assets, or if you take up residence in another state or overseas..

Enduring Power of Attorney

Do You Need One?

A Power of Attorney is a legal document that allows a person you trust to make a specified medical and or financial decision on your behalf. You may also wish to discuss Powers of Enduring Guardianship and medical directives to give power to someone to make decisions about where you live and your health care.

A General Power of Attorney may be for a specific action (such as selling an asset while you are overseas) or broad powers (such as being able to deal with all your financial affairs).

An Enduring Power of Attorney allows a person to act on your behalf when you are no longer able to do so yourself due to mental incapacity.

Book a meeting with our wills and estate law experts.

Or call 1300 00 01 08  and speak to us about ‘single’ vs ‘multiple’ trusts. law@sedleykoschel.com.au.

Sedley Koschel Wills and Estate Law
TESTAMENTARY TRUSTS ARE FOR EVERYONE

Testamentary Trust

Instead of leaving assets directly to another person, you may wish to include a Testamentary Trust in your Will. Testamentary Trusts aren’t just for the old, wealthy, or at risk – they are for everyone who has at least $500,000 (including super and life insurance)

Some benefits of a Testamentary Trust include:

  • Saving your family tax after you die
  • Protecting your inheritance from divorce and bankruptcy risks
  • Protecting vulnerable beneficiaries

When writing instructions in your Will you need to consider who will take on the roles of The Trustee to manage the day-to-day operation of the Trust and distributions. The Appointer who can remove the Trustee and appoint a replacement. Testamentary trusts are not administratively burdensome – any extra compliance should be far outweighed by the tax savings.

Call 1300 00 01 08 today and speak to us about ‘single’ vs ‘multiple’ trusts.

Sedley Koschel Self Managed Super Fund

Need help with your Will or Testamentary Trust?

Sedley Koschel Law Can Also Help You With:

1

Estate Planning

Estate planning involves determining how an individual’s assets will be preserved, managed, and distributed after death. It also takes into account the management of an individual’s properties and financial obligations in the event that they become incapacitated.

2

Probate

It gives the executor of a deceased person’s estate the authority to manage the assets of the deceased person. Most banks, insurance firms, and superannuation funds require a grant of probate when it comes to the value of assets. For example, suppose a person dies with a will.

3

Estate Administration

An estate administrator is the appointed legal representative of the deceased. The legal representative may be a surviving spouse, other family member, executor named in the will or an attorney.

4

Electronic Conveyancing

Electronic conveyancing (or eConveyancing) allows instruments and documents needed for property transactions to be digitally prepared, signed, settled and lodged.

5

Leases

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments.

6

Business Transfer

BUSINESS TRANSFER means any change in ownership or transfer of all or a material portion of the business to another entity or individual by entity merger, combination, reorganization, asset acquisition, transfer, or other similar business transaction in which an existing business is continued under new ownership.

7

Advance Health Directives

An advance health directive allows you to: give directions about your future health care. make your wishes known and give health professionals direction about the treatment you want. appoint someone you trust (an attorney) to make decisions about health care on your behalf.

8

Super & TPD/Trauma Claims

A TPD claim is a lump sum payment made to an individual who is unable to work due to a disability.

Grow. Sell. Live.

S.K. Group – Holistic Financial Management

If you have been searching for the right financial planning experts who can meet your needs and help navigate an ever-changing economic landscape, we would love to work with you.

We offer a wide range of financial services from one location. These services include: tax agents & accountants, small business advice, financial advisors & financial planners, wealth advice, your personal wealth portal, self managed super funds (SMSF), wills & estate law, age care financial planning, tailored insurance services, property investment, small business virtual CFO, and ask us about Probate Law….

Are you looking for our client portal login? Click here to visit My Prosperity Portal. Or call us today on 1300 008 108 -or- schedule an obligation free consultation at a time that suits you.

Sedley Koschel Group Holistic Financial Planning Services

Acknowledgement of Country

We acknowledge and pay respects to the people of the Yugambeh language region of the Gold Coast and The Kalkadoon People of Mt Isa and all their descendants both past and present. We also acknowledge the many Aboriginal people from other regions as well as Torres Strait and South Sea Islander people who now live in the local area and have made an important contribution to the community.