Better Business Networks

Patrick Anderson - Bambrick Legal

Patrick Anderson (our own Matt Damon! 😁) is a graduate solicitor at Bambrick Legal - a boutique legal firm in Kent Town.

He presented this morning at the BBN (Better Business Network) Breakfast at La Vita Cafe Ristorante and he focused on why estate planning is so important.

I know we don’t like talking about death but the reality is that it will happen one day and it’s up to us to make sure that the people we leave behind (our loved ones) are not left with a legal fight on their hands to receive and/or keep what is rightfully theirs.

Estate planning is a positive action and will define your living legacy through your children, your family and the causes you support.

And its more than just sorting out your bank accounts and property investments…it’s EVERYTHING, right down to who will act as Guardian for your young children if something were to happen.

With the complexities of family situations & relationships nowadays - marriage, separation, divorce, blended families, defactos, etc - you really need to seek the advice of a solicitor to have your Will in place before the inevitable happens.

This is where Bambrick Legal sets themselves apart from other law firms because they are ‘boutique’.

This means they offer a more personal service where building a relationship and trust is most important. They will listen to you, get to know and understand your situation and will provide the best legal advice suited to you. They will sort everything out because we lay-mans’ don’t understand legal jargon…and they do!

Patrick told us a story of a husband and wife who had separated and the husband, who had a good relationship with their son, said he was going to leave him the car and other possessions, then when he passed away, this didn’t happen because it was only verbally mentioned and not put in the Will. To cut a long story short, as the son wasn’t on good terms with his mother, it looks like she is going to end up with it all, leaving the son with nothing.

Sure, you can go through a Public Trustee to arrange your estate planning but is comes with many risks…
> It’s Impersonal
> Pretty slow most of the time
> They charge a commission based on estate value
> Plus an administration & audit fee
> Plus rental income commission
> Plus any court fees and document preparation fees

Bambrick Legal will help you…
> Choose your executor
> Guardianship of minor children
> Continuity of businesses
> They have lower fees in the long run
> Faster, more efficient probate process

They will manage your risk for you!

A great presentation Patrick.

Bambrick Legal is a commercial Law firm committed to providing highly professional, cost-effective, user-friendly legal advice and services.

Phone: (08) 8362 5269
Email: [email protected]
www.bambricklegal.com.au

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