Wills and planning ahead.
DO I NEED A WILL?
Making a Will is important for people of any age. Priest Legal can assist you by discussing your individual circumstances and drafting a will that ensures your wishes are respected after your death while minimising costs to your estate.
You should consider updating your will following any significant changes in your life. Wills can range from simple to complex, depending on your wishes and individual circumstances. We can help you decide what arrangements are best for you.
ESTATE PLANNING
Planning for the management of your affairs after your death can involve much more than simply making a Will. Estate planning is the process of putting in place arrangements that give certainty and security for your family when you can no longer personally provide for their financialand emotional wellbeing.
If your personal and financial affairs are complex we will work with your accountant, financial advisor or other professionals to deliver the outcome you are looking for. Our priority is providing you with a tailored solution that meets your individual needs.
Priest Legal can assist you to plan for:
- Protection of your assets
- Financial support for your spouse, your children, or other family
- Intergenerational business transfers
- Tax minimisation on retirement or death
- Superannuation planning
- Strategic planning integrating the use of company or trust structures, superannuation, life insurance, income protection insurance and other tools to ensure you have control of your future.
Planning Ahead
Many people make a Will dealing with their property after their death, but fail to consider what might happen if they are no longer able to manage their affairs during their lifetime. Priest Legal can help you plan for the unexpected and make sure your interests are protected.
An Enduring Power of Attorney and Appointment of Enduring Guardian are complementary documents that let you choose who you want to have the authority to make decisions across all areas of your life if you are unable to make these decisions for yourself.
Power of Attorney
A Power of Attorney is a document that gives someone you trust the legal authority to look after your financial affairs and property matters while you are alive. You are able to place restrictions or conditions on any appointment. You might appoint an attorney to act for you in a variety of circumstances, such as an extended interstate or overseas trip, or to plan for a time when you are no longer able to manage your affairs.
Appointment of Enduring Guardian
Many people focus on planning ahead for their financial and business affairs but do not consider what will happen if they find themselves unable to make lifestyle and medical decisions due to illness or accident.
An Enduring Guardian is someone you appoint to make lifestyle, health and medical decisions for you when you are not capable of doing this for yourself. Your Enduring Guardian may make decisions such as where you live, what services are provided to you at home and what medical treatment you receive.
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