Howdy! I'm Dan Smith and I live with my wonderful family in Perth. This is my legal blog which aims to look at every part of the legal system. I should point out that i'm not a lawyer myself. However, my good friend Stan has been representing people in court for many years. I find Stan's work fascinating and I love asking him questions. I have even done a bit of my own research into the legal system. I decided to pull everything together here so I could organise my thoughts while also providing useful info for others. Thanks for checking out my blog!
You work hard to ensure your family gets everything they need to enjoy a happy and comfortable life. Sadly, life is fragile, and you can never tell if you will be there to take care of your loved ones tomorrow. The positive side of this reality is that you can have a say in your family's future well-being by writing a will and creating an estate plan.
Here's everything you need to know about wills and estate plans.
You've probably heard about wills before, but if you are like many people, you have misconceptions about them. Some of the common myths about wills that people believe include:
The best way to debunk common myths about will creation is to schedule a consultation with a lawyer that specialises in writing wills for their clients.
If you think that a will and an estate plan are the same thing, you are not alone. To many, the two terms can be used interchangeably. While there are some similarities between the two, they are not exactly the same.
Both outline your final wishes regarding how your assets and property should be distributed upon your demise, but an estate plan goes further to include how other things including your health should be handled even while you're still alive.
For example, your estate plan may state who should make decisions for you in case you can't make decisions regarding your health and wealth due to a mental condition.
Depending on your age, family, and financial situation, preparing a will and estate plan for your family can be a confusing thing. Your best bet to get it right the first time is to hire a wills and estates lawyer to help you draft legal documents that will reflect your true wishes while you're living and also while you're gone.Share
23 December 2019