MAYEK LEGALWills & Estate Law

WILLS AND ESTATE LAWYER MELBOURNE

Wills and Estates

At Mayek Legal, we understand the importance of proper estate planning to ensure your assets are distributed according to your wishes and your loved ones are taken care of after your passing. Our experienced team of estate planning lawyers can provide you with comprehensive legal advice and assistance in creating a legally binding will and managing your estate.

Estate Planning

Why Estate Planning is Essential?

Estate planning is essential to ensure that your assets are distributed as per your wishes after your death. It involves creating a legally valid will that specifies how you want your assets to be distributed, appointing an executor to administer your estate, and making provisions for your loved ones, including children, spouse, and dependents. Estate planning can also help you minimize tax implications and avoid potential disputes among family members.

At Mayek Legal, we offer a wide range of services to assist you with your estate planning needs, including:

Will Preparation: Our experienced estate planning lawyers can help you draft a comprehensive and legally valid will that reflects your wishes and ensures the proper distribution of your assets.

Estate Administration: We can guide and assist your nominated executor in administering your estate, including obtaining probate or letters of administration, managing assets, and distributing your estate in accordance with your will.

Testamentary Trusts: We can help you set up testamentary trusts in your will, which can provide ongoing protection and management of your assets for beneficiaries, particularly for minor children or vulnerable beneficiaries.

Powers of Attorney and Guardianship: We can help you appoint trusted individuals as your attorney and guardian in case of incapacity, ensuring that your financial and personal matters are managed as per your wishes.

Estate Disputes: Our experienced estate lawyers can assist in resolving disputes arising from wills and estates, including contested wills, family provision claims, and estate litigation.

Why Choose Mayek?

At Mayek Legal, our experienced estate planning lawyers provide personalised and tailored legal advice to protect your assets and safeguard your loved ones’ interests.

Plan your legacy with Mayek Legal. Our estate planning experts offer personalised and tailored legal advice for estate planning, wills, and estate administration. Contact us today to schedule a consultation and ensure your wishes are carried out effectively with professionalism, empathy, and expertise. Trust our experienced estate planning lawyers for professional assistance.

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Frequently Asked Questions

It's important to note that wills and estates matters can be complex and the answers provided do not constitute legal advice. It's always best to seek professional legal advice from a qualified will and estates law practitioner in Melbourne or Australia to obtain tailored and accurate information based on your specific situation.
What is a will and why do I need one?

A will is a legal document that outlines how you want your assets and possessions to be distributed after your death. It also allows you to appoint an executor who will carry out your wishes. Having a will ensures that your estate is distributed according to your wishes and can help avoid disputes among family members.

Can I write my own will or do I need a lawyer?

While it is possible to write your own will, it is highly recommended to seek the assistance of a qualified estate planning lawyer. DIY wills can be risky and may not meet the legal requirements, leading to potential challenges or disputes. A lawyer can ensure that your will is properly drafted and legally valid.

What happens if I die without a will?

If you die without a will, your estate will be distributed according to intestacy laws, which may not align with your wishes. This can result in delays, increased costs, and disputes among family members. It is important to have a valid will in place to ensure your assets are distributed as per your wishes.

What is estate planning and why is it important?

Estate planning involves creating a comprehensive plan for the management and distribution of your assets during your lifetime and after your death. It is important to have an estate plan in place to ensure that your assets are distributed according to your wishes, minimize taxes, and protect your loved ones.

Can I change or update my will after it's been written?

Yes, you can change or update your will at any time during your lifetime, as long as you have the necessary mental capacity. It is recommended to review and update your will regularly, especially after major life events such as marriage, divorce, or the birth of a child.

What is a power of attorney and why do I need one?

A power of attorney is a legal document that allows you to appoint someone to make financial and legal decisions on your behalf if you become unable to do so. It is important to have a power of attorney in place to ensure that your financial and legal affairs are managed in your best interests.

What is estate administration and what does it involve?

Estate administration refers to the process of managing and distributing the assets and debts of a deceased person’s estate. It involves tasks such as identifying and valuing assets, paying debts and taxes, and distributing assets to beneficiaries according to the terms of the will or intestacy laws.

What is a trust and how can it be used in estate planning?

A trust is a legal arrangement that allows you to transfer assets to a trustee to hold and manage on behalf of beneficiaries. Trusts can be used for various purposes in estate planning, such as asset protection, tax planning, and providing for minor or vulnerable beneficiaries.

Can I contest a will if I believe it is unfair?

Yes, you may be able to contest a will if you believe it is unfair or if you have been left out of a will. However, contesting a will can be complex and requires legal grounds, such as lack of testamentary capacity, undue influence, or improper execution. It is recommended to seek legal advice if you wish to contest a will.

What are the taxes associated with estates and inheritances?

In Australia, there is no inheritance tax or estate tax. However, there may be other taxes involved in estate planning, such as capital gains tax, stamp duty, and goods and services tax (GST) on certain assets. It is important to consider the tax implications when creating an estate plan.

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