We live in an uncertain world, nothing can be taken for granted and when you wake up in the morning, be thankful that you are still here. No one knows the future and should a person suffer a fatality and they have not written a will, their estate is divided according to ancient laws. This might mean that your loves ones are not included and in order to avoid that, you should write a will, which is a legal document that details how you want your estate to be divided.
Estate planning
Lawyers who offer will writing services have estate planners who fully understand the markets and your goals. Governments are always looking for ways to increase revenue in the form of taxes and when you have a professional managing your estate, you will pay minimal taxes. It is vital to protect your assets for your family and when you write the will, you can take steps to ensure your estate is well protected. There are taxes to pay regarding estates, a lawyer would advise you to create trusts that protect assets, minimising taxation.
Witnessed & legally binding
Your will is signed by several witnesses and that makes it a legally binding document that can only be changed by you. The language must be such that it is recognised in legal circles, which the lawyer handles; of course, all aspects of your estate are clearly stated, according to your wishes. If at any time in the future you wish to make changes to your will, simply make an appointment with your lawyer and it can be done in a matter of hours. You will need to nominate an executor, a person that you trust to manage your estate and carry out your wishes; this and more is explained by the family lawyer who has a wealth of hands-on experience helping people to write a will.
Retirement planning
Another essential serviced offered by a leading family law firm is planning for your retirement; investment strategies can vary and the lawyer helps you to create financial goals that lead to a secure retirement. If you are approaching retirement and are thinking about a lease at an over-55 living community, the lawyer can go through the contract to ensure you understand everything.
Virtual consultation
You no longer have to visit the law firm offices if you want to make a will; law firms use Zoom for such services, which is convenient and it keeps costs down. The first call would be enough for the lawyer to prepare a draft for your convenience and if that is OK, the document can be made official with virtual witnesses and electronic timed signatures. You might one day wish to file a lawsuit and a lawyer can help with this.
Plain English
One common denominator regarding legal documents is the strange language used; let’s be honest, most people do not really understand legal English; the good news is a top law firm would have plain English translations that ensure 100% understanding. We should never agree to something if we don’t fully comprehend and that is why we consult with lawyers in Australia. Some people are afraid to tell their lawyer they don’t understand so they nod and the lawyer then assumes the client understands, when in fact, the person does not fully comprehend.
Think about your family and the best way to protect your assets and ensure that, in the event of your passing, your loved ones are protected. Writing a will brings with it peace of mind and you can sleep peacefully, knowing this is in place.
