Local firm offers key seniors’ services
SPIRE Law practices in areas of law relevant to seniors including estate planning, estate administration, wills, enduring powers of attorney, advance health directives and entry and exit into retirement villages.
For many people, estate planning as part of or separate to your will making process, can be invaluable. With factors including blended families, taxation issues and differing needs of beneficiaries, estate planning regularly saves our clients a great deal of stress and time.
Although estate planning can be complex, there are a number of tools available to skilled legal practitioners which can provide the optimal results for you. Such tools include testamentary trusts, rearranging and/or taking out new life insurance and superannuation. These tools, when expertly used, not only provide for your loved ones but also drastically reduce the chances of a disgruntled beneficiary making a claim on your estate. This is important as these claims are increasingly common and the consequences can be devastating. In the event of a claim on your estate, the value usually decreases significantly as, in most cases, every parties’ legal fees may be paid from the estate. As this area of the law involves personal relationships and emotions, sometimes the motivation of the disgruntled beneficiary is to ensure that the other beneficiaries do not receive any significant assets. The other factor to consider in these matters is the potential loss of personal relationships, not only for the immediate family but for generations to come. Testamentary trusts in particular are very useful legal structures which can assist in this highly litigious area.
Please contact us to discuss your legal needs and make an appointment for these services.
Spire Law
15/21 Peachester Road
Beerwah, QLD, 4519
Ph (07) 5494 6566