Age does not define maturity; it is your experience. Time
never stop flowing, no matter if you are ready for it or not. Things happen
within a blink of our eyes, leaving us astonished and surprised. Such a serious
event every one of us has to witness is death. You don’t know what’s waiting
next. As an ancient proverb states, an elephant’s value is increased on its
death; courtesy to its ivories. You would not want your predecessors fighting
over your undivided estate and disputing among themselves. Everyone wants a
happy family ever and after. Do not commit the mistake of leaving things for
your grandsons to settle. They are most likely to get involved into family
disputes. Instead hire an estate planning lawyer in Melbourne, to manage your responsibility.
Assets that make up an individual’s estate include premium
cars, houses, paintings, stocks, pension and life insurance, to name a few.
Debt is also an important factor in your estate, as your predecessors would
have to deal with it and it is very likely that the bank would try to harass
them at your absence. Make sure that they do not face such troubles. Preserving
your family wealth and ensuring the continuity of your legacy are some of the
greatest reasons why estate planning must be on your mind, as soon as you cross
50. Who does not want to leave an immense fortune for their children and grand
children, so that they can have a life of their dreams? Any reputed family lawyers in Melbourne would help
you achieve your objectivity.
How to get
started?
The
very first step you must take for planning your estate is writing a will. A will
is a document with all the instructions on how to handle one’s property and
also provides clear details on handling the custody of any minor children in
the family. All of your intentions must be instructed to any specific person,
who would act as the trustee who will execute your orders. Again, it is
completely your decision if you wish to appoint any trustee in your situation.
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