Every Australian can appreciate the added protection of a will and/or estate plan, and even younger Aussies who have accumulated a bit of wealth over the years feel protected and excited for what’s to come.

After all, will disputes can unfortunately be costly and emotionally draining. Proper will preparation and estate planning can help prevent will disputes during difficult times, and wills and estate planning lawyers in Sydney lead the way in producing legally binding wills.

Here’s what you need to know about protecting your loved ones from will disputes, as recommended by trusted wills and estates lawyers in Sydney.

Professional Will Preparation

Superannuation, bank accounts, investment properties, and personal possessions are just a few of the potential areas for will disputes, which is why a detailed, legally binding will and estate plan is so important. Will dispute lawyers in Sydney know firsthand how damaging and difficult ongoing will disputes can be, which is why the team at Lancaster Law encourages clear, detailed documentation. The will outlines how property should be distributed after death and who should be in charge of the property during this transition.

Succession Law

The best wills and estates lawyers in Sydney are highly experienced in succession law and understand the intricacies of inheritance based on personal will preferences and Australian laws. A well-thought-out succession plan and comprehensive will that outlines your last wishes ensures your loved ones get the intended property and the distribution of your estate is straightforward.

Personal and Commercial Estate Planning Lawyers in Sydney

You deserve the best of the best when it comes to wills and estates lawyers in Sydney. By hiring the right succession law specialist, you can ensure your personal or business affairs are in order so your family can take care of it accordingly. It’s all about protecting assets from legal challenges and will disputes, as well as keeping costs under control so you’re able to give back as much as possible to your family, friends, and the special causes you love the most.

Schedule a Consultation With Will Dispute Lawyers in Sydney

If you have a question about succession law or successful will disputes, Lancaster Law’s expert estate planning lawyers in Sydney could help.

Get in touch with will dispute lawyers in Sydney to discuss the best ways to protect your family through a detailed will and estate plan.

Personal bankruptcy lawyers at the leading commercial law firm in Sydney help individuals navigate the challenges of unresolved debt and declaring bankruptcy. These legal professionals specialise in insolvency law and asset protection, helping to prepare bankruptcy petitions to have debts erased so they don’t need to be paid back.

If you’re interested in hiring reputable insolvency lawyers in Sydney, here are a few things you should know about the job of personal bankruptcy lawyers and how they can help you.

Comprehensive Guidance and Support

It’s no secret that bankruptcy is a stressful and overwhelming time for most people, but the help of good lawyers can minimise the long-lasting damage to your financial reputation. Personal bankruptcy lawyers from the top commercial law firm in Sydney are responsible for going through all the outstanding debts before lodging bankruptcy applications and helping clients manage the process accordingly.

The end goal is to achieve a bankruptcy declaration that protects those who can no longer pay their debts, as sometimes erasing these debts is the only reasonable option. However, bankruptcy lawyers in Sydney should walk you through the alternative options first, and if there are no ways to get around a mountain of debt and pay back creditors, then you can move forward to bankruptcy.

Pros and Cons of Bankruptcy Filing

Another important aspect of bankruptcy and insolvency lawyers in Sydney is their responsibility to walk you through the filing process and explain the advantages and disadvantages of declaring bankruptcy. For example, bankruptcy cleans your slate of huge debts and gives you the chance to start over financially, particularly by cancelling most debts like credit cards and personal loans.

However, there are also a few downsides bankruptcy lawyers in Sydney need to make you aware of. Court fines, HECS debts, fraud debts, and CSA child support are not cleared through a bankruptcy filing. Also, during the three-year bankruptcy period, you will be unable to buy any assets, whether it be a large vehicle, home, or shares in a company. Bankruptcy also makes it difficult to borrow money as it’s shown on your credit record for five years.

Contact Bankruptcy and Insolvency Lawyers in Sydney Today

Lancaster Law has decades of experience helping the local community with personal and commercial bankruptcy filings. You can trust our reputable commercial law firm in Sydney with your delicate financial situation – please get in touch with us today if you need help with insolvency or bankruptcy filing.

Going into business requires careful preparation and planning, especially when teaming up with a business partner. As partnership dispute lawyers know all too well, a handshake is not enough to protect your business from unexpected disputes. Let’s go through the key reasons why you need a partnership agreement to safeguard your business, according to the leading commercial litigation lawyers in Sydney.

Easing Uncertainty

If you are going into business with another person or a group of people, technically you are not legally required to have a formal contract. However, while these “handshake” agreements in a verbal partnership may seem good on the surface, they leave a lot up in the air if any conflicts or legal troubles were to arise in the future.

A written partnership agreement eases this potential uncertainty and provides attractive benefits like preventing serious disputes, avoiding dissolution due to conflict, and flexibility in partner salaries and partnership arrangements going forward.

Key Partnership Objectives

A partnership agreement formalises the terms you talked about when you started your business with another person. This legally binding agreement confirms the tax and contractual obligations for each partner and clearly outlines responsibilities. If one party does not adhere to this agreement, then there is the potential for legal action with partnership dispute lawyers in the future.

However, if all you have is a handshake agreement, then it’s more difficult to seek legal recourse in the event your working relationship sours. Having seen these challenges firsthand, an experienced commercial litigator will always recommend a partnership agreement to safeguard your business.

Decision Making

One of the main reasons why businesses hire commercial dispute lawyers is if they cannot reach an agreement on key decisions regarding the future of the business or partnership. With a clear partnership agreement, it’s easier to navigate these potential challenges of running a modern-day business with partners who may not always see eye to eye.

Financial planning, investments, and exit strategies are all fundamental to the overall success of a business, and even the top commercial litigation lawyer in Sydney is much more likely to achieve the desired outcome in legal proceedings with a partnership agreement.

Schedule a Consultation With Commercial Dispute Lawyers in Sydney

Knowledgeable partnership dispute lawyers understand the value of partnership agreements considering the complexity of running a business. If you’re interested in learning more about partnership agreements, the commercial dispute lawyers at Lancaster Law can help. Get in touch with the best commercial litigation lawyer in Sydney today.

The best insolvency and bankruptcy lawyers in Sydney are readily available to help your business navigate financial challenges. But when is the right time to consult insolvency lawyers in Sydney? Here’s what you should know about obtaining professional legal advice to protect your business and a few reasons why you should make the call.

Outstanding Debts

Financial difficulty can strike when least expected, as evidenced by the global pandemic that stopped the world. No matter what industry you’re in or how experienced you are, if you don’t keep a close eye on financial matters, debts can build up quickly. When it becomes difficult to keep up with outstanding dues and your business falls behind, you could benefit from initial discussions with insolvency and bankruptcy lawyers in Sydney to help you get back on track.

Cash Flow Problems

One of the main reasons why a lot of businesses find themselves in debt is poor cash management. If your expenses are going up at the same time your cash inflow is going down, it may not be long before your business is at risk of insolvency or being unable to repay debts. The best insolvency and bankruptcy lawyers in Sydney evaluate corporate finances, looking for areas to improve in an attempt to avoid long-term financial strife.

Chasing Creditors

If your business has creditors who won’t leave you alone, it’s time to call an insolvency lawyer to explore your options. These highly knowledgeable legal experts work as a bridge connecting clients, courts and creditors. With professional legal guidance, your business can begin to pay back debts as required and hopefully avoid a bankruptcy filing in the future. While it may be tempting to put your head down and hope the problem goes away on its own, that’s rarely a reality, so the sooner you get an insolvency lawyer on board, the better off your business will be.

Contact Insolvency Lawyers in Sydney

If you’re facing insolvency or bankruptcy, Lancaster Law is here to help. Our experienced insolvency lawyers in Sydney can help you navigate these challenging circumstances through professional legal representation and guidance. Let’s discuss your financial situation – call us today on 02 4227 1177 or get in touch online.

It’s not always comfortable to think about passing away, but it’s important to consider what you want to happen with your assets after death. Wills and estates lawyers in Sydney are an excellent resource for navigating the legal complexities of estate planning, including will preparation and will execution.

Here are the key benefits of having an estate plan in place for when you pass, as recommended by experienced estate planning and will dispute lawyers in Sydney.

An Estate Plan Explains Your Wishes

An estate plan is a comprehensive plan covering wills, trusts, beneficiary designations, power of attorney, superannuation, and transfer of financial assets and property. When guided by estate planning lawyers in Sydney, this broad estate plan helps you prepare for the inevitable and ensure your assets are appropriately distributed after your passing. 

Like a will, an estate plan should cover your final wishes and special requests. The main difference is that an estate plan is all-encompassing and includes maximising beneficiary benefits, more so than a will that confirms who gets what. Estate planning and will dispute lawyers in Sydney will help you put both together as you plan for the future.

Estate Planning Protects Beneficiaries

Wills and estates lawyers in Sydney can lead you through the estate planning process to ensure your beneficiaries get the most out of their inheritance. The more detailed your estate plan is, the more clarity the court will have throughout the probate process. If you want to make sure your tangible property and financial assets go to the right place, then estate planning is the way to go.

Estate Planning Prevents Disputes

Not only does your estate plan consider taxes and financial implications of inheritances, but it also helps to prevent disputes before they start. Wills and estates lawyers in Sydney know firsthand how will estate disputes can disrupt the probate process and cause rifts between family members. Luckily, the dedicated work of estate planning lawyers in Sydney makes everything crystal clear, ensuring your wishes are respected and making the probate process smoother.

Contact Estate Planning and Will Dispute Lawyers in Sydney

There’s no time like the present to speak to trusted estate planning lawyers in Sydney. Start the estate planning process with Lancaster Law & Mediation today to protect your assets well into the future. Contact us online or over the phone on 02 4227 1177.