What does a wills and estates Adelaide lawyer do? To put it quite simply, the will is the last will and testament that you make before you pass away, leaving your family members whatever they want with your belongings. Your will can be a simple piece of paper, or it can be a long letter that describes everything from how you want your final wishes to be tabulated to what happens to your property in the case of your death.
You must then make sure that anyone who is being offered a portion of your estate receives it in an acceptable amount. You need to make sure that the amount is large enough to cover any debts that the person getting the inheritance might still have, plus any debts that your dependents have as well. Then there are the debts of the decedent’s estate. These will all be taken into account when it comes time to calculate the rest of your estate. This is why it is important to hire a professional for the job, not just any Will and Estate lawyer but also in personal estates.
One of the first things that a wills and estates Adelaide attorney will do is review all of your state laws and wills to see what they say. They will also look at the applicable Federal laws and ensure that the procedures there are just the same. It might even be a good idea to have a lawyer review any international agreements regarding the decedent’s estate, including those involving any offshore bank accounts or pension funds. The attorney will ensure that these are properly taken care of and suggest any changes if necessary. The lawyer will also review any contracts you might have, including your master policy and any life insurance policies.
Once all of the paperwork has been reviewed by the attorney, everything complies with state and federal laws. He or she will file all of your legal documents, including your last will and testament, with your county clerk. After the legal paperwork has been filed, the court will hold a hearing and issue a writ of administration. At this point, you become “ward” of the estate, and the state will appoint an administrator. You will be given the duty of maintaining the estate and making sure all of the necessary paperwork is completed. Anyone who violates these laws can be prosecuted.
When the administrator is appointed, you will become responsible for paying the necessary costs of running the estate. Fees can be assessed against you must make sure that you pay them. Taxes will need to be made, and you will be responsible for any taxes due. A Will and Estate attorney will help you fill out any necessary papers and keep any recorded titles and remove any encumbrances. If the decedent had any legal complaints or judgments against any of their estate, his attorney would make sure that those are paid off.
A good wills and estates Adelaide lawyer will make sure all of these things are done. They will also make sure that your last wishes are carried out, and all debts of the estate are paid. If there are any loans owed on the estate, they will make sure they are paid. If there are any outstanding credit card bills, rent payments, cell phone charges, they will settle those matters or negotiate to have them reduced. Visit www.tgblawyers.com.au.