Avoid estate disputes by getting a lawyer to help with estate planning

Date: Mar 07, 2014

While you're not required to enlist the services of a lawyer when creating a will, it's a good idea.

That's because estate planning can be quite complex, and - if it's not done right - could result in lengthy estate disputes when you're gone.

A lawyer who specialises in estate planning will know all the ins and outs of creating your will, and should be able to ensure your will is valid - that is, written up in a clear way, signed and witnessed by at least two people.

They can also offer you valuable advice on who might be eligible to challenge a will you've written, which could help you decided who to leave what part of your estate to.

A family member could dispute a will you've put together if they feel they haven't been adequately provided for in it - so, unless you have a good reason not to, it's often best to provide for your loved ones - such as your spouse or de facto partner and children.

Having a lawyer on hand will also be extremely useful if you want to do something more complicated with your assets than simply leave them to your loved ones, for instance, states leaving your house in trust to your spouse until he or she dies and then having it pass to your children.

For more information on estate planning, get in touch with Craddock Murray Neumann.