Making a Will with Farrellys ensures that the assets that you have worked so hard to accumulate during your lifetime are distributed in accordance with your wishes.
Farrellys has a proven history of will drafting and estate planning and administration services.
We work with you to ensure that what you leave your loved ones is an estate that can be efficiently administered with a minimum of uncertainty, conflict or dispute between your chosen beneficiaries.
Simplicity in the administration of your estate usually requires careful planning.
We can assist you to achieve simplicity in the administration of your estate and reduce the possiblility of costly estate disputes and estate litigation. Contested estates can cost thousands of dollars in legal fees which can exhaust the estate and ruin family relationships.
You might think that you have so few assets that a Will is unnecessary, but your estate can be larger than you thought.
You might think that you have arranged your financial affairs so that the intestacy laws will provide for your family, but the intestacy laws can produce unexpected and undesirable results.
An up-to-date Will avoids leaving your family with uncertainty, distress, expense and delay.
You can also provide your family with a tax effective tetstamentary trust in your Will to ensure that the estate can continue to grow for the benefit of your family whilst providing asset protection within the testamentary trust structure.
We work with your financial planner or accountant, if appropriate, to carefully plan your estate and prepare your Will to make sure that ownership of the assets you leave is structured appropriately. This may include drafting and execution of binding death benefit nominations of your superannuation death benefit.
We can assist you with advice and assistance in the administration of a deceased estate. We have extensive experience in acting for both executors and beneficiaries of deceased estates and can assist you with applications, and re-seals of foreign grants.
We can advise and represent you in realtion to other assets such as life insurance and superannuation death benefit claims particularly where claims for these assets are being disputed.
If you have not been provided for in the Will of someone who had a moral duty to provide you, such as a parent or a spouse, we can assist you to bring a claim against the estate for adequate provision. Previously known as Testator’s Family Maintenance, Family Provision Applications are a common source of estate disputes.
If you are concerned about an estate in which you have an interest, we can assist you to obtain a copy of the Will. We can advise you reagrding the validity of the Will in which you have an interest and advise you regarding your legal rights in circumstances where the Will may be invalid for want of testamentary capacity or for other reasons.
We can help with the following: