- Why do I need a will?
- A will ensures your assets are distributed according to your wishes after your death. Without a valid will, your estate is distributed under the intestacy rules in the Succession Act 2006 (NSW), which may not reflect your intentions. A will also allows you to appoint a guardian for minor children and specify funeral arrangements.
- What is the role of an executor?
- An executor is the person named in your will who is responsible for administering your estate after your death. Their duties include locating the will, applying for a grant of probate, collecting and protecting estate assets, paying debts and taxes, and distributing the estate to beneficiaries. Choosing a trustworthy and capable executor is one of the most important decisions in estate planning.
- What is a power of attorney?
- A power of attorney is a legal document that authorises another person to make financial and legal decisions on your behalf. An enduring power of attorney continues to operate even if you lose mental capacity. It is an essential part of a complete estate plan, alongside your will and appointment of enduring guardian.
- What is the difference between an enduring power of attorney and an enduring guardian?
- An enduring power of attorney covers financial and legal decisions, while an appointment of enduring guardian covers lifestyle, health, and welfare decisions — such as where you live, what medical treatment you receive, and what services you access. Both documents are important for comprehensive estate planning.
- How often should I update my will?
- You should review your will every 3–5 years, and after any major life event — such as marriage, divorce, the birth of a child, the death of a beneficiary or executor, or a significant change in your financial circumstances. Marriage revokes a will unless it was made in contemplation of that marriage.
- What does estate planning cost?
- The cost of estate planning depends on the complexity of your affairs. A simple will package (will, enduring power of attorney, and appointment of enduring guardian) is typically a fixed fee. More complex estates involving trusts, business structures, or blended families may require additional work. We provide a clear fee estimate at your first consultation.
