Estate Planning Wollongong
Making a Will
Our Wills and Estate Lawyers help you avoid family disputes, reduce legal risks, and ensure your final wishes are honoured — with expert advice, clear documents, and efficient estate administration.
In a will you can:
1
Appoint and name the parental guardians for your children.
2
Set up a trust to ensure your children’s funds are safe should you pass away.
3
Determine the person you want to administer your estate.
4
Express your personal wishes regarding your funeral
and/or memorial service.
5
Give money to charities and/or foundations of philanthropy.
Must I have a will? There is no legal requirement that you make a will.
However, having a will provides a number of benefits:
The estate adminstration process is faster and cheaper.
No additional documents need to be obtained
(e.g. birth and/or death certificates).
Everyone knows your wishes.
You personally determine how your assets are distributed
(not succession law).
Power of Attorney
What is power of attorney?
A Power of Attorney is a legal document that gives a person, trustee or organisation the legal authority to act on your behalf to manage your assets and make legal and financial decisions on your behalf.
What types of power of attorney exist?
General power of attorney: Decisions can be made on your behalf while you have capacity.
Enduring power of attorney: Decisions can be made on your behalf even if you lose capacity.
Enduring power of attorney: Decisions can be made on your behalf even if you lose capacity.
Why would I need a power of attorney in place?
Anything can happen. Situations can arise where we need another person to make decisions for us. Young people as well as older people can all have a need for a power of attorney, it is not exclusive by age.If you do not have a power of attorney in place, a court or tribunal might appoint someone to manage your finances.
You can also appoint your attorney to manage your finances for many reasons, including:
- 1. You are travelling or moving overseas.
- 2. You lose capacity (temporarily or permanently).
- 3. You want to appoint someone with experience to manage your finances.
- 4. You cannot leave your home due to illness or other personal reasons.
What can a power of attorney do?
- 1. Operate bank accounts.
- 2. Sell and buy real estate.
- 3. Pay bills.
- 4. Manage investments.
- 5. Collect rent.
Asquith Legal can help you to make a power attorney and guide you through every step:
- 1. Discussing why you have need of a power of attorney.
- 2. Whether you want to include any limitations.
- 3. Drafting your power of attorney.
- 4. Witness the signatures under your power of attorney.
- 5. CSafely store the power of attorney at no extra cost.
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Our Simple Process
Asquith Legal can help you to make a power attorney and guide you through every step:
1
Discussing why you
have need of a power
of attorney.
2
Whether you want to
include any limitations.
3
Drafting your power
of attorney.
4
Witness the signatures
under your power
of attorney.
5
Safely store the power
of attorney at no
extra cost.
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Blended families
We assist families in securing their legacy for multiple generations. From planning for adult children’s inheritance to setting up trusts for grandchildren, we help you create a strategy that reflects your wishes and protects your assets.
Families with Adult Children and Grandchildren
We assist families in securing their legacy for multiple generations. From planning for adult children’s inheritance to setting up trusts for grandchildren, we help you create a strategy that reflects your wishes and protects your assets.
Young Families
For young families, planning for the unexpected is crucial. We assist with drafting wills, appointing guardians for children, and ensuring your assets are used to support your partner and children if the worst happens.