Area of law

Frequently Asked Questions

 

Q:   What's included in a basic estate plan?

A:   A basic estate plan includes:

  • Will preparation
  • Power of Attorney
  • Appointment of Enduring Guardian
  • Review of asset ownership structure
  • Superannuation beneficiary nominations

Q:   How often should I update my Will?

A:   We recommend reviewing your Will every 3-5 years or when major life changes occur (marriage, divorce, new children, significant asset changes).

Q:   What happens if I don't have a Will?

A:   Without a Will, your assets will be distributed according to NSW intestacy laws, which may not align with your wishes and can cause complications for your family.

Q:   Do you help with probate applications?

A:   Yes, we assist with all aspects of probate, including:

  • Document preparation
  • Supreme Court applications
  • Estate administration
  • Dealing with complex asset distributions

Q:   What's the difference between an Executor and Power of Attorney?

A:   An Executor manages your estate after death, while a Power of Attorney acts on your behalf during your lifetime for financial and legal matters.

Q:   Can I include my digital assets in my Will?

A:   Yes, we can help you plan for digital assets including:

  • Social media accounts
  • Cryptocurrency
  • Online banking
  • Digital business assets
  • Cloud storage accounts
      

Q:   What happens to my business if I pass away?

A:   We can create a comprehensive succession plan that includes:

  • Business transfer instructions
  • Key person insurance recommendations
  • Temporary management arrangements
  • Share transfer provisions
     

Q:   How do I protect vulnerable beneficiaries in my Will?

A:   We can establish protective structures such as:

  • Testamentary trusts
  • Special disability trusts
  • Staged inheritance releases
  • Specific conditions for inheritance

 

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