Estate planning and preparing your Will is about living your best life for now and for the ones that you love when you pass away. If you have assets and liabilities -Estate planning is a must.
It is risky to avoid Estate planning because it leaves the fate of your finances – and most importantly, the welfare of your minor children – up to others not of your choosing if you pass away (for example: the Courts).
Appointing an executor/trustee is an important decision because it is the person/s who will action your requests as outlined in your Will. This involves locating and collecting all the assets, paying off all debts associated with the Estate and distributing what’s left to the proper beneficiaries named in your Will.
If you are an executor/trustee of somebody’s Will and need help to understand the legal process, please call Michael Daly Solicitor.
Your Will should also make living and financial provision for minor children (those under 18) who legally cannot do this for themselves.
Preparing a Will not only ensures your personal wishes are clear and legally binding, it also protects your loved ones from the potential stress and costly legal disputes at a very difficult time in their lives. Once your Will and Estate planning is done, you can relax and get on with life because you can feel confident that your affairs are in order. Michael Daly has been taking care of locals on the Central Coast for four decades and understands how to get your Will and Estate planning organised efficiently and correctly.
If you are an executer/trustee of somebody’s Will and need to obtain a grant of probate, please call Michael Daly Solicitor.