Need to make a Will, discuss a Will dispute or manage a deceased estate?
We understand the emotional challenges involved in making a Will and administering a deceased estate. We also recognise the sensitive nature of death and differences of family dynamics and as such, we make sure to take a personalised approach.
While the idea of planning for when you're no longer here may feel unusual, planning a Will and estate is key to ensuring your assets end up with the right people as per your wishes – and it helps you protect your loved ones even after you pass away.
How can our Will, Estates and Probate Lawyers help you?
• Wills and Estate planning
• Testamentary trust wills
• Protective trust
• Special disability trusts
• Enduring powers of attorney
• Appointment of medical treatment decision makers
• Grants of probate and grants of intestacy
• Administration of deceased estates
• Letters of administration (for if a person dies without a will)
• Superannuation death benefit claims
• Will disputes
Planning a Will and estate
What is a Will? What is an Estate?
A Will is a legal document that details what you want done with your Estate (including your belongings and assets) after you die. It can also be where you appoint guardians for your children.
An Estate is what comprises of any property and assets you owned in your lifetime like real estate, cars, cash, shares and investments.
To make a valid Will:
• You need to be 18 years old and of sound mind
• It needs to be in writing and signed; and
• Witnessed and notarised
It is important to have a Will and plan an Estate because it makes sure that the people you love are taken care of after you’re no longer here.
What is a Testamentary Trust?
A Testamentary Trust is a trust established in your Will which helps to protect your assets for your chosen beneficiaries. It is especially helpful when beneficiaries are professionals or business people who may need extra asset protection to guard their inheritance.
Testamentary Trust Wills also offer tax benefits for the families of beneficiaries.
Our Estate Planning lawyers are always willing to advise you about Testamentary Trust Wills to see if they are right for you and your family.
What is a Protective Trust?
A Protective Trust is established to protect assets which pass to vulnerable beneficiaries. They are particularly important when beneficiaries have a disability or are otherwise unable to manage assets for themselves.
A trustee is able to look after an inheritance for vulnerable beneficiaries, making sure that their needs are met while also ensuring that the inheritance is managed wisely.
What is a Special Disability Trust?
A Special Disability Trust is created under Centrelink rules to provide for a person with a disability. Special Disability Trusts offer benefits for people creating a trust as well as for the disabled beneficiary.
A Special Disability Trust can be established during your lifetime or in your Will after you pass away.
Our lawyers have experience in advising on Special Disability Trusts and helping you to establish them.
Can I change or update my Will?
Yes. As long as you are still of sound mind – that is, you made the decision, and you understand what you’re doing and why – you can change your Will as often as you like.
There are different ways to do this, but the best way to change your Will is to make a new one. Doing this automatically cancels your old one.
Who administers a deceased estate?
When someone dies with a valid Will, they usually leave a person in charge of administering their estate – known as the Executor.
If there is no express provision for an Executor, a Court will appoint an administrator which is usually the person entitled to the largest share of the estate.
What is probate?
A Grant of Probate is a Court order that basically proves a Will is valid and gives the Executor the green light to start carrying out their role. It ensures the deceased person’s assets aren’t incorrectly given to the wrong person.
In Victoria, a Grant of Probate is always necessary to transfer land to beneficiaries under a Will.
In addition, most banks, superannuation funds, or other financial institutions will generally refuse to issue assets without one.
However, it isn’t always necessary, particularly if financial assets are below a certain threshold (this is at the discretion of the bank).
Will Disputes / Estate Litigation
Who can contest a Will?
Essentially, anyone who can show that the deceased had a responsibility or moral duty to provide or care for them can contest a Will. Generally, you have to be closely related.
Examples of who can contest a Will could include:
• a spouse or defacto partner
• a parent
• a child or stepchild
• a registered carer
• member of the household
How do I contest a Will?
If you’re eligible to contest a Will, you can start what’s called a “testator’s family maintenance” or “family provision” claim through the Supreme Court.
This must be made within six months of the Grant of Probate or Grant of Letters of Administration.
Why Zaparas Lawyers?
At Zaparas Lawyers, our experienced Wills, Estates and Probate Lawyers will help you prepare a custom Wills and Estates Plan for your specific needs, and ensure that your wishes are clear to follow.
We will also take care of managing your estate after you pass away, and help your family to navigate the process of probate and estate administration, including dealing with a Will dispute should one arise.