Dying Intestate – The Perils of Not Making a Will
Without a Will, the finalisation (administration) of your estate could be left to somebody you would not wish to involve, and the distribution of your assets will be pre-determined by legislation. This is likely to be more stressful, complex and costly for your loved ones.
Estate Planning FAQs
To help you to get started we have set out some of the most common questions that arise when considering planning for your estate.
How to Locate an Original Will
A Will outlines the deceased person’s wishes regarding the distribution of their assets but may also express their intentions in relation to the care of children and pets, and other critical instructions. Unfortunately, the location of this critical document is often not obvious, and locating the Will is frequently a considerable source of frustration for those administering the estate.
Dealing with Deceased Estates – Executor Duties
After a person dies someone has to look after the assets of that person and pay the person’s debts. Although the person is no longer here, his or her affairs must be finalised and the person to finalise the affairs is appointed by the Will of the deceased.
Where a person is appointed by a Will, that person is called “an executor”.
Top 7 Questions about Family Provision Claims in Queensland
When someone passes away, questions often arise about inheritance. In cases where a person believes that they have not been adequately provided for by a deceased family member (whether or not a Will was left), certain laws may enable them to make a family provision claim to help make the situation fairer.
Do you need a lawyer to make a Will?
While it is possible to create a Will without a lawyer by using online resources or DIY kits, it is important to consider the potential drawbacks of this approach. A Will is a critical legal document, and errors or omissions can have significant consequences for your loved ones.
When is Probate not Required in Queensland?
Navigating the responsibilities that follow the passing of a loved one can be overwhelming. Amidst grief, there are legal and administrative tasks to manage, and one of the legal considerations when managing an estate is whether probate is required.