All Topics / Help Needed! / Estate planning and setting up will – where to go?

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  • Profile photo of j900j900
    Participant
    @j900
    Join Date: 2008
    Post Count: 56

    HI all,

    I want to set up a will and am in the process of finding out more about it.

    What's your experience?

    Is setting up a will with the NSW Trustee and Guardian a good way to do it? They will create and safe keep your will for free.
    http://www.tag.nsw.gov.au/Content+Menus/Wills/What+is+a+Will/default.aspx

    If it's not a good idea, does anyone have a solicitor to recommend in Sydney southern suburbs (I live at Wolli Creek).

    Many thanks for your contribution people!

    Jan

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,190

    I don’t think it is a good idea to appoint a govt department to look after your affairs – it will be expensive too.

    Do you have some family members who could act as your executor? You should use a few in case one or more predecease you – but you should update your will every year too. They also have to be willing and able to act.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://structuring.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of LinarLinar
    Member
    @linar
    Join Date: 2004
    Post Count: 567

    The NSW Trustee will remove all estate decisions from your family and will charge a quite high percentage to administer. 

    Just get any local solicitor to draw up a will. Most solicitors do this.  Just look in the Yellow Pages.

    Cheers

    K

    Profile photo of j900j900
    Participant
    @j900
    Join Date: 2008
    Post Count: 56

    Thanks Terry and Linar. Will contact a local solicitor.

Viewing 4 posts - 1 through 4 (of 4 total)

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