When you have properties to organize, whether big or small in numbers, you need to arrange a will to make sure that you will not leave your family in chaos. Estate planning is an important legal resolve to meet your financial goals and avoid any misunderstanding between your family members in the future. You would not want them consulting family lawyers for fighting a will or challenging an existing one just because you, as the patriarch, were not able to organise it properly.
Estate planning involve s many different aspects. But the most important of it all is producing a will, which consists details of your properties and where or to whom you want to leave them behind. You must arrange it properly, with legal guidance so your family members will not be diminished to fighting a will, just in case.
Why Fighting a Will is Challenging?
There are many reasons you must arrange your estate so there will be no need for the ones you will leave behind to contest your will. One of them is the very obvious fact that the entire ordeal of fighting a will is not simple.
If any of your family members feel that they did not receive sufficient benefit from your estate, they will go ahead and seek legal resolve to get what they think they deserve. This could go from simply getting advice on how to cure the dispute out-of-court to a full-blown appeal to the high courts. The process could be taxing emotionally, physically, and financially as well.
Challenging a will involves paying a fee for your legal counsel as well as for the other costs that might be created along the way. Division of property is a tricky and complicated matter. There are various considerations to be made along the way.
Who is eligible to receive an inheritance depends solely on the Succession Act, which was commenced to define eligible persons to contest a will or to have a right to an inheritance. Australian laws provide definitive resolutions to wills in question and what the court may take into account in the process. Wills and estates are tricky business. There is a complex process to go through in order to resolve any disputes in relation to their creation or non-creation. In any case, an expert legal counsel specializing in family law must be on hand, from planning your estate to arranging a will to other matters in between.
No matter how we avoid it, there will always be battles when it comes to inheritance. Consult http://www.rodneybrender.com.au/ for assistance.