Modern day estate planning is more than simply making a Will. Let O’Hearn Lawyers help you.
Our estate planning lawyers are experts in helping you build a robust legal framework around your estate plan, one that allows you to achieve your objectives and makes sure your wealth isn’t dissipated by unnecessary tax liabilities, business risks or family law property settlements.
Complex law issues such as Estate Planning need to be dealt with accurately to ensure they are distributed the way the owner intends/intended. O’Hearn Lawyers have the expertise in Estate Planning law to work with you to achieve the desired outcome.
Wills & Testamentary Trusts
We are able to assist you in preparation of complex and simple Wills. We obtain a full picture of your assets, liabilities and wishes, to make sure your Will does what you need it to. If you die without a Will or leave an invalid Will, it can result in more stress for those you leave behind and can also mean that your wishes are not carried out.
If you’d like to secure your assets and provide a means of tax minimisation for your beneficiaries, a testamentary trust may be an option for you. The process can be quite complex, however we’ll take you through the steps and benefits of a testamentary trust within your legal rights.
Powers of Attorney and Appointments of Enduring Guardian
We’re able to assist you with appointing a Power of Attorney, who can look after your financial needs on your behalf and also an Enduring Guardian, who will look after you medical needs. O’Hearn Lawyers can help you with guardianship or financial management orders where a person does not have a Power of Attorney or Enduring Guardian set up. Those orders then enable the holder to make decision on behalf of another person about lifestyle matters.
Superannuation and Binding Death Benefit Nominations
These days, most of us own a super fund and unfortunately it often gets overlooked when writing a Will. Superannuation is only dealt with by your Will if the trustee elects to pay it to your estate or alternatively directly from the fund to your dependents, without going through your estate.
Probate and Estate administration and Deceased Estates
O’Hearn Lawyers can support you with deceased estates, probate & administration. A grant of probate is issued to the executor(s) named in the current Will left by the deceased. Letters of administration are issued when the deceased person has not made a Will. In most instances the grant is made to the closest surviving next of kin of the deceased. A grant of probate or letters of administration are often necessary to allow the deceased’s estate to be distributed to their beneficiaries.
Business Succession Planning and Corporate Powers of Attorney
O’Hearn Lawyers have knowledge and experience setting up business succession plans for many different business structures and can also assist with preparation of corporate Powers of Attorney. We can help you develop a plan to make sure you’re organised for the expected and of course, unexpected.