Wills & Estate Planning

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What is estate planning and why is it important?

Estate planning is the process of making plans (and formalising them) about what happens to you (your care and wellbeing) and your estate, in the event you become incapacitated or die.

When we talk about ‘your estate’, we mean everything you own; for example, real estate, vehicles, money in your bank account, furniture, investments, shares, life insurance and even personal possessions like jewellery or artwork.

It is important to make decisions yourself about what will happen to your assets when you die or who will manage your financial and care decisions if you become incapacitated and unable to make those decisions yourself.

At E&A Lawyers, our estate planning advice and assistance takes a holistic approach. We ensure you’re aware of all the processes and options available to you to give you peace of mind for the future.

Our key components of estate planning are:

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Blogs - Wills & Estate Planning

Tax changes for discretionary trusts NSW

Tax changes for Discretionary Trusts after 31 December 2020

If your Discretionary Trust holds or acquires residential land in NSW after 31 December 2020 then your trust will be liable to surcharge duty and surcharge land tax if you do not amend your Trust Deed before 31 December 2020.
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How do we divide personal possessions after death of a parent?

Dividing personal possessions after the death of a parent

When a parent dies, it can be difficult for the children to deal with the contents of the home including things like furniture, artwork, antiques, memorabilia and so on. A lot of those things may have little commercial value but often have a very high sentimental value. But you still need to know how to go about division of these items and when you can do it.
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When should I update my Will?

When should I review or update my Will?

Your Will and estate plan ages over time but unlike a fine wine, it will rarely improve with time. There will be times during your life when you should review and/or update your Will, particularly when your personal circumstances change.
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How does marriage affect my Will?

Effect of marriage on your Will and other estate planning documents

Getting married (or divorced for that matter) can have significant impacts upon any Will, Power of Attorney or Appointment of Guardian you already have in place.  Likewise, if you didn’t have any of these documents before marriage, now’s the time (before marriage or divorce), to get them done.
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