In Australia, Wills and Estate encompasses two main areas: Estate Planning and Estate Administration.
Estate planning involves the preparation and organisation of how an individual's assets will be managed, distributed, and protected during their lifetime and after death, such as creating a will, power of attorney or enduring guardianship.
Once a person passes away, estate administration involves managing the deceased's estate, which involves applying for probate or letters of administration, as the case maybe.
At Nakil Family Lawyers, we provide effective estate planning ensuring that your wishes are known and followed, potentially reducing conflict amongst family members. We also provide proper estate administration ensuring that those wishes are executed efficiently and legally. Both processes benefit significantly from professional legal and financial advice to navigate complexities and compliance with relevant laws.
If you have specific questions about estate planning and/or estate administration, please call us on 0416 871 528 for an obligation free discussion.
