2024 Wrap Up - Estate planning trends
As 2024 comes to a close, several key trends have emerged in estate planning and administration. These trends highlight the evolving legal landscape and reflect changing priorities among families and individuals seeking to secure their legacy. Below are some of the most prominent estate planning trends observed this year.
Charitable gifts in your Will
Charitable giving can be a meaningful way to leave a lasting legacy and support causes close to your heart. Yet, despite the good intentions, charitable gifts in wills are less common than people might think. While many clients ask about them, only a few ultimately include them in their final estate plan.
Preparing for Your Estate Planning Appointment: What You Need to Know
One of the most common reasons people hesitate to make an estate planning appointment is the overwhelming thought of gathering everything they think a solicitor might need. However, it is not as daunting as it seems, and the Vicca Law can guide you through it. To make the process easier, we’ve outlined what you need to bring to your initial appointment and a few things to consider before we meet.
Terms for your Enduring Power of Attorney you haven't considered
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Do I need to apply for probate?
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Control of your company or trust after your death
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Avoiding early dispute mistakes
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Options for blended families
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Estate planning considerations for older Australians
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Excluding a child from your Will
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Executor and beneficiary conflict
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
I’ve Separated from my spouse - now what?
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
When should the power under my Enduring Power of Attorney start?
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Estate Planning Lawyer Red Flags: What to Watch Out For
When planning your estate, finding the right lawyer is crucial to ensure your assets are protected and your wishes are fulfilled. However, not all estate planning lawyers are created equal, and there are certain red flags you should be aware of during your estate planning meetings. Here are some key warning signs to look out for to ensure you're receiving the best advice and service.
Will Myth Busting: Debunking Common Misconceptions in Estate Planning
Estate planning can be complex, with many myths and misconceptions that can lead to misunderstandings and costly mistakes. Understanding the truth about wills and estate planning is crucial for ensuring your assets are distributed according to your wishes. Let's debunk some common myths and clarify how you can effectively plan your estate.
Leaving Specific Gifts in Your Will: A Guide to Personalising Your Legacy
Estate planning is a crucial process that allows you to ensure your assets are distributed according to your wishes. A key aspect of this process is the ability to leave specific gifts in your will. These gifts allow you to personalize your estate plan by designating particular items or sums of money to specific beneficiaries, ensuring that cherished possessions and assets are passed on to those you intend.
Estate Planning for Global Families
In today's interconnected world, families are often spread across the globe, with children choosing to live and work in different countries. This global lifestyle brings new challenges to estate planning, requiring careful consideration of various factors to ensure your assets are protected and your wishes are fulfilled. Whether you have children living overseas or hold international investments, it's essential to understand how these elements affect your estate planning strategy.
How to Prevent Family Disputes in Estate Planning
A common concern in estate planning is avoiding family disputes after passing away. These disputes often stem from a lack of planning and communication. By taking proactive steps, you can help ensure your wishes are respected and minimize the potential for conflict among your beneficiaries. Here are some practical tips to consider:
Managing Foreign Assets in Your Estate Plan
When people think of foreign assets, they typically imagine real estate abroad. However, foreign assets can be quite diverse, including shares in foreign companies, cars, personal belongings, or even bank accounts in other countries. It’s crucial to address these assets in your estate plan to ensure your wishes are carried out smoothly.
Managing Real Property in Estate Administration
What happens to real property after someone passes away? This question is crucial whether the property is specifically mentioned in a will or falls under the laws of intestacy.