Trusts & Wills
Trusts
The creation of a trust can give you and your family peace of mind that your precious family assets are protected from a variety of risks.
Maxim Legal takes a careful and conservative approach to the setup and maintenance of trusts. This affords your trust the highest level of protection possible.
Why would you need a trust?
The three main reasons for placing assets into a trust are:
· To protect assets from business risks
· To protect family wealth on an intergenerational basis
· To protect against some relationship property claims.
What exactly is a trust?
A trust is formed when the legal ownership of property is separated from the beneficial ownership of property.
When you set up a trust with Maxim Legal, we assist you with the transfer of your valuable assets into your trust. Before beginning the process, we discuss in detail your individual circumstances and ensure that a family trust is the correct option for you.
Why use Maxim Legal to set up your trust?
At Maxim Legal, Rico Horsley will take an active interest and involvement in your unique wealth structuring. As a means of providing your assets with the highest level of protection and to ensure that your trust is managed correctly, Maxim Legal provides independent trustee services. A trustee company is incorporated to act solely for your trust, to assist with decisions of the trust, and to provide a clear separation between personal ownership and trust ownership of assets and investments.
We strive to empower our clients and keep them informed, educated and updated in regards to the law surrounding trusts. We use everyday language and avoid complicated legal jargon when explaining the law and policies directly affecting you and your family trust.
A trust must be well-managed, and we at Maxim Legal refuse to cut corners. We give your core family assets the dedication and care that they require and deserve.
Wills
Having a will in place is arguably one of the most important things you can do for both yourself and your family.
A will not only provides you with comfort regarding the welfare of loved ones and the protection of important property and possessions, it dictates exactly how you would like your personal circumstances dealt with should the unexpected happen.
When do you need a will?
There are key milestones in your life when updating or creating a will is essential:
· You get married or you are in a de facto relationship
· You have children
· You have bought property
· You have set up a trust
· You have assets or cash deposits over $15,000.00
· You get divorced.
Wills are often a subject people are unwilling to approach, or neglect entirely. It is essential, however, that during a major life transition instructions are in place to deal with the important assets and people in your life.
Why use Maxim Legal to set up your will?
Without a will, important decisions such as how your estate is divided and who takes care of your children are determined without your say..
With our simple questionnaire, we can quickly identify the type of will you will need to ensure your personal circumstances are taken into consideration when drafting a will. In certain circumstances, your personal affairs will require a more complicated arrangement to be put in place in order to ensure that your will effectively deals with your assets. If a complex will is required or your wishes are of a sensitive nature, we are happy to meet with you in person to work with you in drafting a will that reflects your wishes.
Thinking about your will can be a daunting process. At Maxim Legal, we aim to ensure that the creation or updating of a will is painless, purposeful and an accurate reflection of your individual circumstances.
Estates
When the affairs of a deceased person are managed, it is referred to as ‘managing the estate of the deceased’. Estates can range from being simple and straightforward all the way through to large and complex.
The team at Maxim Legal are experienced in dealing with this entire range of estates. At Maxim Legal, our experience dealing with the complexities of estates allows us to effectively deal with a variety of different concerns you may wish to address in your will.