Wills, Estate Planning & Estate Administration
At YLP Legal – Your Legal Partner, our dedicated team of Adelaide Wills and Estate Planning and Estate Administration lawyers understand the critical importance of having estate planning documents prepared.
Ensuring your assets are distributed according to your wishes by trusted individuals is paramount.
Without a valid Will, your assets may not be managed as you would prefer, and our highly-experienced team specialise in drafting and regularly updating Wills to reflect life changes such as marriage, divorce, or the birth of a child.
It is recommended that Wills are reviewed every 12 to 18 months to ensure your Will is aligned with your current circumstances and intentions.
Whether your Will, estate planning or estate administration requirements are straightforward or complex, we provide clear, compassionate, and thorough advice to help you create a Will that reflects your desires.
Should a dispute arise relating to your Will or estate, our experienced lawyers are equipped to provide strategic advice, offering robust support to executors and claimants alike.
Secure your legacy and provide peace of mind for your family with YLP Legal – Your Legal Partner.
Contact us today to discuss how we can assist you with your Will and estate planning or estate administration needs.
Frequently Asked Questions
Finding the right Adelaide lawyer to resolve your legal matters can be difficult. But at YLP Legal – Your Legal Partner, we want to make it simpler by answering some of your wills, estate planning, and estate administration questions.
Dying without a valid Will means your estate will be distributed according to the rules of intestacy as outlined in the Administration and Probate Act 1919 (SA). This may not align with your personal wishes. The estate is distributed amongst your relatives in a specific order according to the formula set out in the legislation.
To avoid this, it is crucial to have a valid Will in place at the time of your passing. Consulting with the expert lawyers at YLP Legal can ensure your Will is properly drafted to reflect your wishes, providing peace of mind for you and your loved ones.
Estate Planning involves arranging a person’s affairs to ensure their wishes are fulfilled after death. This includes the creation of Wills, establishing trusts, naming beneficiaries and the creation of healthcare directives and financial Powers of Attorney.
Estate Administration refers to the process after death, involving probate, the distribution of assets according to the Will (or state laws if no Will exists), settling debts, and managing estate affairs.
A General Power of Attorney is suitable for specific transactions or limited periods of time. This Power of Attorney grants the donee authority to manage your financial, legal and contractual affairs either temporarily or until you revoke the Power of Attorney or lose capacity.
While an Enduring Power of Attorney can take effect immediately if you should choose so and continues even if you become incapacitated, ensuring ongoing management of your finances.
An Advance Care Directive typically covers several important aspects of your preferences for future care:
- Personal Values and Priorities: Your views on what makes life meaningful, including relationships, independence, and religious beliefs.
- Undesirable Outcomes: Situations you wish to avoid, such as prolonged life support without recognition of loved ones or being in a coma.
- End-of-Life Wishes: Preferences regarding the location of your passing, the presence of certain people, religious practices and organ donation.
- Living Arrangements: Your preferences about staying at home or moving into supported care.
- Healthcare Preferences: Types of medical and emergency care you wish to receive or avoid, including life-sustaining treatments.
- Other Personal Considerations: Cultural, spiritual, lifestyle , and even smaller personal care preferences.
This directive ensures your wishes are respected even when you might not be able to communicate them yourself.
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