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Estate Planning Lawyers Brisbane

August 09, 2012 | Comments: 0 | Views: 239

Estate planning lawyers Brisbane help people plan the distribution of assets after their death. Every person has a few assets and these have to be maintained after his death. Modest or rich, estates require well thought out strategies and these have to drawn after proper consultation with estate planning lawyers Brisbane.

There are tell tale signs of the weakening Australian economy and recent surveys point towards a rather unsavoury situation. Less than 35% Australians have a will and they are becoming increasingly unsure about their future because the weakening global economy leaves them with nothing after paying for their current expenses .

Besides the will, estate-planning documents are declining gradually among the Australian population. Power of attorney for healthcare and trusts are finding even lesser taker than usual. Besides the unfavourable conditions, another reason why estate planning lawyers Brisbane are spreading awareness among the masses is the lack of information on the topic.

Q: What if you die will-less?

A:  If you never hire estate lawyers Brisbane and die without leaving a will, the state will take its predefined course. The first chance goes to creditors, after keeping a certain portion for your family and kids, the rest will be distributed among the creditors of the deceased ,.the rest will be distributed among the creditors of the deceased.

If the deceased has no successor, the state will hold the assets.

Q: When should one make a will?

A: Right now is the correct time to at least make a proper assessment of your financial and real estate assets. Regular appraisals are necessary. Estate planning Brisbane suggest quarterly assessments or whenever a significant change like marriage or birth occurs in the family.

Q: Who needs a will and who can make a will?

A: Almost everybody will require a will. Without one, the deceased cannot give anything to his or her friends or distant relatives. Even fiancés are not provided for by the law. Without an explicit will the state will distribute the assets among creditors and close relatives. In the absence of these beneficiaries, the state will own total ownership.

Only estate planning lawyers Brisbane can draft a professional will. If you are planning to get a will made, contact a estate planning lawyers Brisbane right away.

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