Introduction to Estates and Probate in Australia

• The Succession Acts differ from one state to another (for instance, the Succession Act 2006 in Queensland) and cover wills, estates and probate.
• Wills legislation specifies the formalities for making, signing and validating a will.
• Probate laws and procedures are the rules on proving the validity of a will and how to dispose of an estate properly.

What is the difference between a will and a complete estate plan?

A will is a legal document that directs how your property will be distributed after death. At the same time, an estate plan is all the documents and procedures required for your financial and legal affairs during your lifetime and after your death. It also includes planning for the distribution of your assets and final arrangements.

When is probate required?

Probate is necessary for larger or more complex estates to prove the will and allow the executor to deal with the estate.

How can I protect and update my estate plan?

Checks and changes should also be done frequently, and it is advisable to seek a lawyer's advice to ensure that the estate plan is up-to-date and binding.