Estate planning involves developing a strategy to distribute your assets after you die and nominating responsible people to carry out your wishes. Proper estate planning will minimise uncertainties with arranging probate, a critical step in releasing your assets. Financial dependents, tax implications and jointly owned properties are some of the many factors that need to be considered.
Superannuation, usually a valuable part of your estate, has its own set of rules and regulations around distributing to your beneficiaries.
Preparing a Will, Powers of Attorney (enduring or general) and Enduring Guardian is the cornerstone of effective estate planning to ensure that your wishes are protected in relation to financial, health and lifestyle decisions.
Following the loss of a family member or close friend, you may be a potential beneficiary to the estate or appointed as an executor under their will. C J Boyd Solicitors can assist in navigating through the rights and responsibilities in administrating estates.
Our experience will be of value in:
- Helping executors handle the steps involved in their role such as identifying and realising the assets of the estate;
- Dealing with estates, where a valid will exists. An application for Probate to the Supreme Court of NSW is required to obtain authorisation to distribute the assets of an estate;
- Dealing with estates where a will was never signed, was not valid or cannot be found. An application for letters of administration to the Supreme Court of NSW is required in these situations;
- Advising under circumstances where a person believes they have an entitlement to the estate such as a Family Provision Act claim.