Why Choose Velos & Velos Lawyers for Estate Planning in Melbourne?
The team at Velos & Velos Lawyers is dedicated to providing comprehensive legal services for all aspects of estate planning. Whether you’re looking to create a Will, Powers of Attorney, Financial or Medical, or a Testamentary Trust or plan for succession, our estate lawyers in Melbourne offer practical and compassionate advice. Here’s why we stand out:
- Extensive Experience: With many years of experience in estate matters, we’ve helped countless clients achieve their goals and have peace of mind.
- Tailored Solutions: We understand that every individual’s circumstances are unique. Our estate planning lawyers provide personalised strategies to meet your needs and obtain best possible outcomes.
- Holistic Approach: From grant of probate to letters of administration and family provision claims, we address every aspect of estate administration and succession planning.
- Litigation Arising in Wills and Estates: With many years of experience in litigation on Wills and Estates, our litigation lawyers provide personalised strategies to meet your needs and obtain best possible outcomes.
What Is Estate Planning?
Estate planning involves the preparation of legal documents and strategies to manage your financial affairs and assets during your lifetime and after your passing. A well-thought-out estate plan ensures a smooth transition of your wealth to your beneficiaries, minimises disputes and provides asset protection.
Our Key Estate Planning Services
Wills and Testamentary Trusts
A valid will is the cornerstone of any estate plan. Our estate planning lawyers can assist you in drafting a clear and legally binding will that reflects your wishes. Testamentary trusts are often included to provide flexibility, asset protection and tax benefits for your beneficiaries.
Powers of Attorney
Granting powers of attorney ensures that trusted individuals can make decisions on your behalf if you’re unable to do so. We can help you create enduring powers of attorney for financial, medical and personal matters.
Succession Planning
For business owners and individuals with self-managed superannuation funds, succession planning is crucial. Our lawyers work closely with you to ensure your business interests and financial affairs are passed on seamlessly.
Grant of Probate and Estate Administration
If you’ve been appointed as an executor, managing a deceased estate can be complex. We assist with obtaining a grant of probate or letters of administration, ensuring the estate is administered according to the law.
Family Provision and Intestacy Matters
Disputes over deceased estates can arise, particularly in cases of intestacy or when family members feel unfairly excluded. Our estate lawyers provide expert advice on navigating family provision claims and resolving disputes.
Why Is Estate Planning Important?
Without proper estate planning, your loved ones may face unnecessary legal and financial challenges during an already difficult time. Here are some key reasons to plan your estate:
- Asset Protection: Safeguard your wealth from potential claims and creditors.
- Smooth Transition: Ensure your assets are distributed efficiently and according to your wishes.
- Avoiding Intestacy: If you pass away without a will, the laws of intestacy will dictate how your estate is distributed, which may not align with your intentions.
- Minimising Taxes: Proper planning can reduce the tax burden on your beneficiaries.
- Avoiding Litigation and Disputes: Proper planning can reduce litigation and disputes between beneficiaries and clearly provide for your loved ones according to your final wishes.
Common Questions About Estate Planning
What Is a Testamentary Trust?
A testamentary trust is a trust established within a will that comes into effect after your passing. It offers greater control over the distribution of assets, protects beneficiaries from financial risks and provides tax advantages.
What Are Powers of Attorney?
Powers of attorney are legal documents that allow you to appoint someone to make decisions on your behalf. They can cover financial, medical and personal matters, ensuring your interests are protected if you become incapacitated.
What Happens If I Don’t Have a Will?
If you die without a will, your estate will be distributed according to the laws of intestacy. This can lead to unintended consequences and potential disputes among your loved ones.
Additional Services for Estate Planning
At Velos & Velos Lawyers, we also assist with:
- Life Insurance and Death Benefit Nominations: Ensuring your superannuation and insurance benefits are distributed as intended.
- Relationship Breakdown Considerations: Addressing estate planning complexities arising from divorce or separation.
- Self-Managed Superannuation Funds: Structuring your SMSF to align with your estate planning goals.
How We Work
Our experienced team of estate planning lawyers in Melbourne follows a transparent and client-focused approach. Here’s what you can expect:
- Initial Consultation: We’ll discuss your personal and financial circumstances and identify your estate planning objectives.
- Tailored Strategy: Based on your needs, we’ll develop a comprehensive plan to protect your assets and ensure a smooth transition for your loved ones.
- Drafting Legal Documents: Our lawyers will prepare all necessary documents, including wills, powers of attorney and testamentary trusts.
- Ongoing Support: We’re here to help you update your estate plan as your circumstances change.
- Represent Your Estate: If the need arises, we are able to represent your Estate to ensure that your final wishes are respected and proper distribution of your Estate is carried out.
Velos & Velos Lawyers – Your Estate Planning Lawyers in Melbourne
We take pride in providing expert advice and reliable legal services to our clients in Melbourne. Our dedication to excellence, attention to detail and compassionate approach have earned us a reputation as trusted estate planning lawyers in the community.
Take Control of Your Future Today
Estate planning is one of the most important steps you can take to protect your financial affairs and provide for your loved ones. Don’t leave your estate matters to chance. Contact Velos & Velos Lawyers today to speak with an experienced estate planning lawyer in Melbourne.
Call us on 03 8379 1000 or fill out our online form to book your initial consultation. Let our experienced team guide you through every step of the estate planning process and provide you with the peace of mind you deserve.