Engaging the expertise of a Gold Coast estate planning lawyer from Ballantyne Law is taking a decisive step toward safeguarding your assets. It will provide peace of mind for both you and your loved ones and ensure that your wishes are legally binding.
If you’re a business owner, you’ll want to carefully consider your business assets. A will is crucial to direct the distribution of your assets, including your business.
There are certainly challenges that come with growing old in Queensland. How, for example, would your healthcare decisions be made if you were unable to make them yourself? read more.
Wills, General Powers of Attorney, and Enduring Powers of Attorney serve different purposes when it comes to ensuring your wishes are carried out in the future. Read more.
Peace of mind for the holiday season.
As another year comes to an end, now is the perfect time to have Ballantyne Law Group check the status of your estate planning strategy. That way you can leap into the holiday season knowing your needs and wishes are in the best of hands.
Even the simplest of wills is important because it contains your wishes for your estate. Here, Ballantyne Law Group’s estate planning team explains why engaging a solicitor to prepare and administer your will is still a wise investment, despite cheaper options available today.
Personal estate planning is an evolving process. It is very rare for our circumstances to remain static throughout our lifetime, which means that just making a will is not enough – you should be aware that you need to review your estate plan regularly, and particularly when your personal circumstances change significantly.
Exit strategies are important. Whether it is an uncomfortable social gathering on a Tuesday night or your retirement plan, having a departure strategy allows you to move forward with confidence. One of our good friends shamelessly “smoke bombs” at exactly 8.18pm from virtually every event he attends – it is an exit strategy that works for him. Estate and Succession planning allows business owners to give certainty to their families and business partners about their departure plans.
In an ideal world, we would all be up to date with our planning, including our estate planning. Unfortunately, studies show that a large proportion of Australian adults do not have a current, up-to-date will. What happens when someone dies without a will, but with another document that may purport to be a will but that doesn’t meet the formal requirements? In 2006 changes were introduced to the Succession Act 1981 (Qld) (the Act) which authorised the Queensland Supreme Court to recognise (in limited circumstances) these ‘informal wills’ in Queensland.
Recent national news stories have put the issue of estate planning into the spotlight. These articles highlight generally the critical importance of appropriate estate planning for Australian adults of all ages.