Here’s why estate planning is important-and how MSA LEGAL can assist.
1. A Will Guarantees Your Wishes Are Respected
If you die without a will, your estate will be distributed according to the laws of intestacy in NSW, which could be different from what you intended. A well-drafted will guarantees that loved ones are taken care of and your property passes as you desire.
2. You Can Choose Guardians for Minor Children
Your will also allows you to name guardians to take care of your children in case something happens to you. It’s a personal preferencethat gives you peace of mind knowing your children will be left in goodhands.
3. Minimize Family Conflicts
Comprehensive instructions to heirs can prevent conflict and family fights. With the help of an experienced attorney, you can organize your estate so that it leaves the least possible room for invalidated wills or litigation.
4. More Than a Will-Total Estate Planning
Estate planning can include powers of attorney, enduring guardianship, superannuation nominations, and testamentary trusts. Suchdocuments can protect your interests if you are no longer able to act for yourself and structure your estate to be handled tax-efficiently for beneficiaries.
5. NSW-Specific Considerations
Different laws concerning wills and estates exist in every state. In NSW, documents like Enduring Power of Attorney and Appointment of Enduring Guardian are integral parts of a complete estate plan. Yourlocal solicitor will ensure everything complies with the Succession Act 2006 (NSW) and other relevant legislation.
At MSA LEGAL, we understand your unique personal and family circumstance, and we design an estate plan that reflects your values, preserves your legacy, and ensures peace of mind.
Disclaimer
This article is for general information purposes only and does not constitute part of legal advice. It is current with NSW law and general Australian legal principles at publication. Legal outcomes can differbased on your own circumstances. Professional legal advice in your specific circumstances is advised.
