Probate, Will & Estate Law
While a testator (that is, a person who is writing a will) is entitled to bequest his or her assets to whomsoever they wish, they should do so with proper advice about the legal consequences of a particular form of will.
The role that equity and statute play in how our estate is dealt with on our death is pervasive. For example the Succession Act 2006 (NSW) provides opportunity, in certain circumstances, for disgruntled persons (who may not even be relatives) to make a claim on a deceased estate. There is no shortage of media stories about a deceased’s lover or children fighting with the surviving spouse or others for a share of an estate.
You might also want to consider whether a Testamentary Trust is appropriate for your estate. Wills containing testamentary trusts are often considered if you wish to take into account tax implications, family law matters or a spendthrift beneficiary. Such wills create ongoing obligations for the trustee and should only be drafted on the basis of careful advices.
Telemon Lawyers can help you understand the effect of the law on your testamentary wishes and draft a will that seeks to implement those wishes in the safest way.