What is a will?

It’s a document that sets out how your property is distributed when you die. The purpose of a will is to make sure that the right person gets the right property and there is no dispute. If you don’t have a will then the law says how your property is distributed. This may be different to what you would want or it may be a more expensive way of achieving the same thing.

Even when people take out wills, many people who think they have provided for beneficiaries in the way they intended are unaware of the pitfalls that can arise if a will is not prepared correctly.

What is an estate plan?

A will is often part of an estate plan but an estate plan also looks at other assets that can’t be dealt with in a will. This might include superannuation or a business or a trust. The purpose of an estate plan is to make sure that all of your property no matter how you own it ends up with the right people in a tax effective way.

What is estate administration?

It’s the process of putting a will into effect. It includes obtaining probate, finding assets, transferring or selling them, paying debts and making sure that everything is finalised. Sometimes it’s relatively easy and sometimes it is not. Whether easy or hard it has to be done properly or the executor can be liable or people can miss out on what is rightfully theirs.

We’ve written some articles below about wills, estate planning, estate administration, and some of the issues that arise in these areas.

Estates Services

We understand that dealing with the loss of a loved one is extremely difficult. This loss is heightened when the loved one does not leave a Will or the Will has problems.

Farrar Gesini Dunn specialises in Wills and probate. We appreciate that the probate process is sometimes complex and archaic. We use our knowledge, experience, and systems to make it as easy as possible for you to get through the formal processes and find your new normal.

Looking for a deceased estates expert to help you after the loss of a loved one?

If you want the safety and security of knowing that your will is going to be effective and distribute your estate according to your intentions, then you should talk to an estates expert.

Estate planning involves the organisation of a person’s legal and financial affairs so that your assets are distributed to your intended beneficiaries in an orderly and tax-effective manner.

You can contest a Will on the basis that you have not been adequately provided for your proper maintenance, education and advancement in life. The exact wording varies from state to state.

If you believe a Will is not valid, then the first thing you should do is to seek information from the executor or the solicitor who made the Will.

FGD can assist executors to defend contested Will claims or challenges to the validity of a Will.

A trust is a legal relationship between a trustee who looks after or administers the trust, and a beneficiary, the person who benefits from the trust.

Estate disputes or contesting a will is what happens if someone isn’t happy with what a will says, usually because they say they should have a greater share.

At Farrar Gesini Dunn we take innovation seriously. We have been operating for years in a way that has allowed us to work for you wherever we are and whenever you need us to.

We are pleased to announce that the experienced team at McSpeddenHarvey has joined with Farrar Gesini Dunn.

Our Estate and Wills Lawyers are here to help.

Get in touch today

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19/11/2020

Separation and Divorce – What Happens to Monetary Gifts and Loans from Parents or Family Members during Property Settlement?

A gift of money from a family member or friend can help you realise your financial goals. But, if these monetary gifts are received during a relationship that later breaks down, how are these kinds of gifts treated?  Disputes may arise between separated parties as to whether the money was…

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06/11/2020

FGD Golf Day 2020

On Thursday 29 October Farrar Gesini Dunn hosted 148 players for our Annual Charity Golf Day at Federal Golf Club. Despite a wet week and the ever changing Covid-19 related restrictions we were able to gather together to support and raise much needed funds for Karinya House. As of lunch…

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29/10/2020

Christmas Day and the Holidays After Separation or Divorce – Tips for Parents on Splitting Time and Making Arrangements for Children

Christmas can be a busy time of year in the family law world. Many separated parents find it difficult to agree on what arrangements are best for their children, particularly over the holidays. It can be challenging for parents to face their first holiday after a separation, and even harder…

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23/10/2020

Application for Consent Orders

In most cases when people reach a property agreement, we recommend that they formalise it by Consent Orders. Consent Orders are made by a Registrar of the Court. That process happens ‘in Chambers’, so it is an administrative process that doesn’t require an attendance. When you file your Consent Orders,…

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