
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
Additional estate provision for spouse - from the children's shares (September 2024)
Navigating legal battles when co-ownership goes undocumented (May 2024)
The complexity of interpreting Wills and the case of the unborn nephew (April 2024)
The power of section 100 statements: exploring the testator's choices (April 2023)
Who is a "child" when planning your estate? (December 2022)
Attempting to sever a joint tenancy by relying on a Power of Attorney (November 2022)