What role does an estate lawyer play you will realise it only after hiring one. An estate lawyer proves to be vital for a will maker as well as beneficiaries. Moreover, it doesn’t matter whether you are wealthy or not, not hiring an estate lawyer, in either case, can prove to be costly for you. Estate planning is important if you don’t want an unpleasant future for your family or don’t want to see them involved in any kind of fight over your property and monetary funds.
Estate planning is directed by certain factors. For example, you have to see your family situation and size. Are you married, do you have children and if so then how old are they? If this is not the case then who is your close relative, who has been taking care of you for so long, to whom you would like to transfer all your assets and obligations. Another thing that you will have to go through is your assets. You need to minimise your taxes in assets that you might have to pay in your state or federally. There might be chances that you don’t have enough assets that they will be liable for the tax, however, you will come to know of the same only after doing the estate planning. There might be a situation where you don’t have to pay any tax at all then it will become the best strategy for you.
If you lack in doing proper estate planning or end up in no planning at all, you or your beneficiaries better get ready for probate court. Probate court can be extremely time consuming and expensive. The court will go through the will, in the case where there is one, as well as to the list of heirs and potential creditors. Then the court will oversee the distribution of assets and payments to be made to creditors.
New Way Lawyers is an Australia-based law firm which will help you in estate planning. New Way Lawyers estate lawyers are well versed with the law of Australia and they have years of experience in this field. They are highly educated and skilled and therefore never make a mistake when it comes to their work. Our Estate Lawyers Gold Coast are caring and understanding professionals. They will help you with your affairs at your place as well. That is, if you are facing any injury or illness and cannot come to our office then they will visit you at your home or hospital and complete the paperwork and other formalities then and there.
New Way Lawyers is a not for profit firm which aims to help people and not make profit from them. We will help you irrespective of your background i.e. race, religion, gender, age, disability or status. The firm was established in order to help all those people who fail to seek estate legal services and family law services from other firms due to their inability to afford the costs. So now you know we always have your back, you can contact us via phone or a email and we will get back to you in no time.