If you are considering estate planning to take care of your assets and divide them properly between your loved ones, family lawyers will tell you to write down the information they need before you make an appointment with them. In this way they will have all the information to hand and can get on with the job, saving you both time and money.
So to that end, here is a list of steps you need to take to ensure you have everything covered.
- Physical assets – these are house, car or any other vehicle you may own and any other asset worth over $100. This can include electronic devices, home theatre, camera, artwork, jewellery, ornaments and expensive even clothing such as a fur coat or wedding dress.
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Estate planning is about much more than just creating a Will so your assets will be divided the way you want them to be. Any estate planning lawyers will tell you that by planning your estate you are making the best decisions about your future and your family’s future in many ways. Here are several benefits of estate planning.
- A Will is only part of estate planning, but it is an important part. By ensuring your Will is legal and binding, you also ensure that your wishes about the distribution of your assets will be carried out.
- With family lawyers to help structure your estate, taxes can be minimised so your family gets more.
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