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 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.
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:
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.
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..
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.
Or call 1300 00 01 08 and speak to us about ‘single’ vs ‘multiple’ trusts. law@sedleykoschel.com.au.
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)
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.
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.
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.
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.
Electronic conveyancing (or eConveyancing) allows instruments and documents needed for property transactions to be digitally prepared, signed, settled and lodged.
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.
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.
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.
A TPD claim is a lump sum payment made to an individual who is unable to work due to a disability.
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….
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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.