By Anna Thompson, Legal Assistant
With the festive season quick approaching and celebration and holiday preparations being made, it is time to start thinking about presents for your loved ones. This year, think about giving a gift that benefits both you and your loved one: the gift of an estate plan.
The Perfect Holiday Gift
While it may not be something you will wrap up and leave under the tree, creating an estate plan is a gesture of love that relieves the burden of your loved ones having to guess your final wishes. A well-drafted estate plan ensures your assets are distributed according to your wishes and avoids any unnecessary legal costs and taxes. By setting out your clear instructions, it also alleviates the work and stress your loved ones will be subject to and ensures they are not caught in a time-consuming, expensive and confusing process. It is also important to update your estate plan if your circumstances have changed since your last Will was drafted. The feeling of relief of having your estate well planned is a gift to yourself and your loved ones that lasts for years to come.
Not A One-Size-Fits-All Gift
While it may seem easier to purchase a Post Office Will Kit or download a Will template for you to fill in the blanks, there are a number of issues that commonly arise that result in these wills, or part of the will, being invalid.
To give the best possible gift to yourself and your loved ones, it is important that you consult with an experienced wills and estates lawyer who will be able to expertly assess your circumstances and draft your estate plan in the way that will best reflect your wishes.
Drafting your estate plan with an experienced wills and estates lawyer will also ensure all of your loved ones are taken care of. For example, it will ensure guardians are appointed for any minor children you may have.
Give yourself and your loved ones the gift of peace of mind this year by undertaking your estate planning. With our experienced wills and estates lawyers, City Pacific Lawyers is ready to help you draft an estate plan catered to your personal circumstances.
At City Pacific Lawyers we offer a complimentary estate planning consultation to all new clients, where our experienced lawyers will guide you through the process, taking the time to understand your unique circumstances and creating a tailored estate plan that reflects your wishes.