THE FOUR COURNERS REPORT
While the Public Trustee promotes its free Will-drafting service, it is important to delve deeper into the true cost implications for those who engage their services. During the Will-drafting meeting, the Public Trustee offers their executorial services, with the fees charged for these services aimed at offsetting the costs associated with Will-making.
The Public Trustee argues that they are well-suited to act as executors, citing their experience, independence, impartiality, compassionate staff, and competitive rates. However, these claims stand in stark contrast to the findings of the 2022 exposé and feedback from legal professionals who have witnessed the handling of estates by the Public Trustee. It’s important to note you are under no obligation to nominate the Public Trustee as your executor by using their service, and you may choose to nominate a different executor if you wish.
Engaging the Public Trustee’s Will-making service may be suitable in specific circumstances. If your family and asset structure are genuinely straightforward, your Will goals are basic, and you approach the service with caution, it may be a viable option.
However, it is crucial to recognize the inherent challenge of assessing the complexity of your own situation without the expertise gained from years of legal education and experience. “You don’t know what you don’t know” aptly captures the predicament, as understanding the intricate web of legislation, case law, and practical application of succession law in Queensland is no easy task.
Impartially evaluating your family dynamics, asset structuring, and estate planning goals to determine their true simplicity can be highly challenging. Without knowledge of the diverse range of strategies available in estate planning and how they can be tailored to your specific needs, it’s difficult to ascertain whether a simple Will truly represents the most effective strategy for your estate.
In light of the Four Corners report and the risks associated with relying solely on the Public Trustee, it is essential to consider seeking professional estate planning services. By entrusting your estate planning journey to a reputable firm, you can ensure an incomparable level of care, attention to detail, and expert advice. Don’t settle for a mere “tin of tuna” when you deserve a fulfilling “chef’s banquet” for your estate planning needs.
Remember, estate planning is a complex and sensitive matter, and seeking professional assistance is a prudent step towards securing your future and the well-being of your loved ones.
Ensure your legacy is protected. Click “Request a Booking” to schedule a consultation and let us help you create a customised estate plan that reflects your wishes, safeguards your assets, and protects your loved ones.