Estate planning is designed to protect yourself, your assets and your loved ones. It’s one part of your financial plan that ensures your estate (your assets, savings and other investments) is managed how you want in the event that you’re unable to make decisions or pass away.
Estate planning involves more than just a Will. There are other important legal documents to complete your estate plan to ensure that all your wishes are documented. These include who can make decisions on your behalf if you lose mental capacity, or what your directions might be for future medical treatment.
To understand what other legal documents you require and to ensure they're properly prepared, it's best to speak with a Wills and estate planning lawyer.
Generally, a complete estate plan involves:
It's important that you have the right strategy in place and develop an effective estate plan. Our expert estate planning lawyers understand the nuances and attention to detail required for every estate plan, which is why we take the time to understand your wishes and develop your plan together, giving you peace of mind and reducing stress on your family.
Contact us today and have the comfort of knowing that your documents will be legally sound.
"I wish I had recognised the importance of making a Will sooner. A small investment then could have saved me months of trying to find answers on my own"
Wills & estates
A Will is a legal document that enables you to determine how your ‘estate’ is to be distributed after your death. This includes your money, property, shares, investments and possessions. Having a valid Will means that you decide how you want your assets to be distributed instead of leaving it to chance.
An Enduring Power of Attorney is a legal document that allows you to nominate one or more persons (referred to as an Attorney or Attorneys) to act on your behalf for legal, financial and personal decisions. This can start when you decide and continues to be effective if you lose the ability to make your own decisions.
This is a document that enables you to record your wishes for medical treatment. By completing an Advance Care Directive you can tell your Medical Treatment Decision Maker what medical treatment you want (or don't want) in the case of an emergency.
More and more people want to plan for their future medical treatment in case they are no longer able to make their own decisions due to illness or injury.
Appointing a person to make 'medical treatment decisions' allows this nominated person to decide for you if you are not able to make medical decisions yourself.
A Statement of Wishes is a separate document to your Will. A Statement of Wishes is not binding but can assist your executors when it comes time to administer your estate. It might include your funeral instructions or your wishes about the distribution of sentimental belongings. At Maurice Blackburn, we keep your Statement of Wishes with your Will in secure storage so that executors have everything they need.
Our Canberra office is now closed, but our team continues to serve ACT clients and are available for phone and video appointments. If you need legal advice, please call us on 1800 675 346.
We have lawyers who specialise in a range of legal claims who travel to Tasmania. If you need a lawyer in Hobart, Launceston or elsewhere in Tasmania, please call us on 1800 675 346.