Biz Lawyers & Advisory

Could you afford a $100,000 MISTAKE in estate planning? 😣 Here's a WAKE-UP call for all of us.   Our client, a man in his 40s, lost hundreds of thousands of dollars due to his father's outdated will.    Their plan to share a family home changed, but the will didn't. ❌   When the father passed away, legal battles over the house led to a hefty $100k stamp duty bill.    All because of a conversation they NEVER had.    This story teaches us 1️⃣ thing 👇    Discussing and updating your will isn't morbid.   It's an act of love, ensuring your wishes don't become a financial burden for those you leave behind. ❤️🩹   So, don't wait. The right time for the "TALK" is now.    P.S. Is your family's estate plan current, or could it use a heart-to-heart and a legal review?   #estateplanning #willsandtrusts #familylegacy #legaladvice #protectyourlegacy

What if the ONE decision you postponed became the regret of a lifetime, all because you thought you had more time? 😨   This was almost the case of a couple in their 60s who, after decades, decided to update their will and establish an enduring power of attorney.    Our estate planning process began with understanding their wishes, but after drafting the necessary documents, we hit a wall—the couple delayed signing. ✍️   Life, as it often does, threw a curveball.    The wife's sudden battle with aggressive cancer highlighted the urgency of having these documents in place. 📃   Fortunately, the wife's health improved, and they returned to finalise their estate planning, a close call that brought relief and peace of mind to everyone involved.   The key takeaway? DON'T DELAY. ❎   Ensure your will, power of attorney, and guardianship documents are signed and in place.    Life is unpredictable, and securing these documents provides peace of mind for yourself and your loved ones. 💝   P.S. Have you taken steps to ensure your estate planning is complete and up-to-date?   #bizlawyersadvisory #estateplanning #enduringpowerofattorney #legaladvice #estateplanninglawyer

Richie Benaud, legendary cricketer turned iconic commentator, left a legacy MORE complex than his famous voice. 🎤   His passing sparked a dramatic legal battle over his estate involving his first wife, Marsha and son Greg.    Despite his substantial assets, Benaud's will excluded Marsha and Greg, leading to a challenge under the Family Provision Act.    THE KEY TAKEWAYS? 👇   Regularly update your will, consider all family members, and seek expert legal advice to prevent disputes. ✅   This story isn't just a lesson in law.   But a reminder of the human side of estate planning: balancing legal necessity with fair provision for loved ones.    P.S. In cases of estate disputes, would you prefer mediation or a court battle? Why? #bizlawyersadvisory #lawyertips #will #strategy #richiebenaud

Happy New Year! Our office is open and we look forward to working with you in 2024.

Celebrities are just like us in many ways 🎥 even when it comes to estate planning. Take the famous actor, Heath Ledger, for instance. Did you know that he faced a major estate planning oversight? In 2003, at the age of 23, he made a will, leaving everything to his family. 📃 But life changed - he welcomed his daughter Mathilda in 2005 and never updated his will to include her. 👶 When he passed away, his outdated will could have left Mathilda with nothing. Luckily, Ledger's family stepped in to ensure she was cared for. This story highlights a crucial LESSON for all of us: Always update your will to reflect life's changes. 📝 Have you reviewed your will lately? What changes have you experienced that might prompt an update? #bizlawyersadvisory #heathledger #lawyertips #will #strategy