Your Life. Your Legacy. Your Plan.
A Melbourne Estate Planning Lawyer to Help You with the Details
Lacey Lyons Rezanka is dedicated to providing focused estate planning services to ensure your loved ones are protected in the event of your death. Your Melbourne estate planning lawyer will attempt to help you save money, allowing your loved ones to avoid costly probate and litigation.
How a Melbourne Estate Planning Lawyer Can Help
At Lacey Lyons Rezanka, we help people prepare for the future using various estate planning tools.
One of the key benefits of having an estate plan in place is it puts you in charge of deciding how your assets will be distributed upon your death, instead of leaving it to lawyers and judges. Also, estate planning tools can help you protect your assets throughout your life.
Estate planning tools like living wills and advance healthcare directives can also be used to make end-of-life treatment decisions now, instead of leaving those decisions to loved ones later.
A Melbourne estate planning lawyer at our firm will walk you through all of your options and help you understand your rights every step of the way.
Our attorneys understand it can be difficult to think about and discuss death. We also know how important it is to have a plan in place to provide for your loved ones and prepare for the unexpected. We take the time to understand each client’s unique needs and tailor a strategy designed to meet their specific goals.
Estate planning is more than just a will; it is creating a custom plan to protect both you and your family in the event of your death. Included below are some of the estate planning services we provide:
Traditional Estate Planning
Traditional planning documents include wills, health care proxies, power of attorneys, living wills, and irrevocable and revocable living trusts. We can also assist with probate, trust administration, special needs, guardianship, and future care planning.
Modern Estate Planning
Traditionally, most people don’t think of getting a will unless they are married with children. However, everyone must have a will and estate planning documents. A Melbourne estate planning lawyer at Lacey Lyons Rezanka can help single people, unmarried partners, LGBT couples, and blended families create estate planning documents. We can even help ensure pet planning is considered, so your pets are cared for after you pass away.
Asset Planning Protection
Protecting your assets is vital. When we consult about your estate planning, we can advise about protecting your assets from the government, lawsuits, taxes, divorce, nursing homes, bad business ventures, and predators.
Advanced Tax Planning with the Help of a Melbourne Estate Planning Lawyer
If you have a large estate or income, we can consult on how to implement some creative strategies to minimize taxes, while allowing your family to maintain control over their inheritance and financial security. This type of advanced planning is perfect for helping ensure assets are protected for future generations.
Business Succession Planning
Protecting your business interests and having a plan in place to continue operations in the event an owner or principal becomes incapacitated or dies is necessary. These documents can help you explore tax-efficient options for selling the business while minimizing taxes or transferring it to an heir.
To be eligible for Medicaid, if needed, may require your assets to be distributed. Medicaid applicants and recipients with too much income may be enrolled in a Pooled Income Trust planning option. By planning, you can make sure your assets are protected from nursing homes and you receive the medical treatment you need.
FAQs Answered by an Experienced Melbourne Estate Planning Lawyer
What is an Estate?
Whether it is held individually or in a partnership or other joint arrangement, anyone who owns assets or property has an estate. An estate includes bank accounts, real property, life insurance, pension and retirement accounts, stocks and bonds, businesses, and certain claims against others, among other types of assets.
A Melbourne estate planning lawyer at our firm can help you identify and locate all of the property included in your estate.
What is the Difference Between a Will and a Trust?
A will is a binding legal document used to designate how your property will be distributed in the event of death. It also often names a personal representative, the person required by law to carry out the will and use estate money to satisfy any creditors.
A trust is a legal tool used to transfer some or all of a person’s assets before they pass away. Although there are several different types of trusts, the primary benefit of a trust over a will is avoiding the probate process.
Probate is a judicial process in which a judge reviews a will’s legitimacy, hears challenges, and ensures creditors are paid before assets are distributed to loved ones. It can involve long waiting periods, thanks to creditor notification and other requirements.
A Melbourne estate planning lawyer can help you understand the pros and cons of wills and trusts and use the tools best suited to your needs.
Do I Need an Estate Plan?
Estate planning is essential for anyone who cares about where their assets will go when they pass away or wants to make their own decisions about medical treatment in the event of incapacity. It is also vital for the parents of children who are minors.
Even if you do not have a multi-million dollar estate, it is essential to plan for the future. An estate plan can help you ensure your loved ones’ financial stability and avoid the complications and family stress associated with the probate process.
Let a Melbourne Estate Planning Lawyer Manage All Your Planning Needs
Lacey Lyons Rezanka is your resource for all your estate planning needs. Our legal team can answer any questions you may have related to estate planning and long-term care. We can also put you in touch with private resident consultations and coordinate services provided by other facilities. Contact us today to arrange your consultation with a top Melbourne estate planning lawyer.