When clients hold property across different jurisdictions, such as overseas property in Australia, it is common to prepare separate wills for each country. However, care must be taken to ensure these wills are properly drafted to reflect that intention — as highlighted by the decision in In the Estate of John Wentworth Varley; In the Estate of Jacques Johan Veldhuis [2007] SASC 420. When dealing with wills and overseas property Australia can pose unique legal challenges.

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You’ve worked hard all your life, accumulating assets and ensuring a secure future for your loved ones. You’ve even prepared a will to make certain your wishes are carried out after you’re gone. But what if changing a will legally involves one critical element you’ve overlooked? One piece of the puzzle that could significantly impact the financial security and future well-being of your family? Today, I want to introduce you to that crucial “One Thing”: a Testamentary Trust. This article is tailored for middle-aged and older adults in Australia, particularly parents and asset owners, to offer you vital knowledge in safeguarding your family’s future while changing a will legally.

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A Brief Introduction to Estate Law

Estate law, as my years in practice have often shown me, is both a field of intricate artistry and an arena where secrets thrive. At the crux of it, it’s about planning, preserving, and transferring wealth, assets, and legacies. These are some essential estate lawyer tips to keep in mind.

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I. Introduction

A. The Imperative of a Lasting Legacy

In the grand theater of life, we all play a crucial role, and as our final act approaches, we seek to ensure our legacy endures beyond our presence. Crafting a will is the quintessential act of intention, a heartfelt symphony of directives that resonates long after we depart this stage. Today, we explore the significance of having a well-drafted will and the pivotal role a specialized Best Wills Estate Lawyer can play in this extraordinary process.

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