To ensure that your will is written properly and legally binding, it is important to seek the help of a qualified Will Lawyer. They can provide advice on how best to structure your will, review it periodically to ensure it is up to date with any changes in the law, and advise on the best way to distribute your assets.
Here are some reasons why involving a will lawyer is crucial in formulating a legal will:
A will is an important legal document that specifies how you would like your estate allocated in the case of your death. If you pass away without a will or if your will is legally invalid, someone must act as your representative.
There are regulations in place that determine how your estate will be allocated if you die without a valid will; these are referred to as the ‘Rules of Intestacy’. If you want your estate handled in the way that you intend, you must have a legally binding will. Generally, consulting with a will lawyer while preparing a legal will reduces the risk of future complications.
Consulting a will lawyer ensures that all of the relevant areas are covered and that the procedure runs as smoothly as possible. When seeking legal advice, it is vital to consider a few critical aspects of your will, such as:
An executor is a person in charge of administering an estate in accordance with the wishes of the deceased. Someone else, such as a Public Trustee or a private trustee, may administer the estate if the executor is unable or unwilling to act or if there is no legal will.
In general, will executor’s responsibilities include gathering the assets of the deceased’s estate and paying the deceased’s debts. The executor then distributes the remaining assets among the named beneficiaries.
Yes, an executor can be a beneficiary in a will. It is very common for an Executor to also be a Beneficiary; often, spouses appoint one another as their sole Executor and Beneficiary.
Formulating a legal will in Brisbane, Queensland is a significant responsibility that requires professional expertise. Engaging the services of a qualified Will Lawyer in Brisbane provides you with peace of mind, knowing that your last wishes are documented accurately and in accordance with the region’s laws. Dr Craig Jensen Lawyers, based in Brisbane, Queensland, has sound expertise in Wills and Estates. Whether you’re contesting a will, administering an estate or making a will, contact Dr Craig Jensen today to discuss your situation and secure the best outcome. We are conveniently located at 485 Algester Road, Parkinson, Brisbane, Queensland.