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2009 - make your new year's resolution to be 'prepare my Will' or if you already have a Will then 'review my Will'.

A Will is an important part of your estate planning strategy. Everyone should have am estate planning strategy. Why? Because eventually we all leave this world and leave behind all the material things we have collected, acquired or accumulated along the way. What happens to those material things can either be up to the court, or up to you if you choose to express and detail those intentions - that is the purpose of a Will.

What is a Will? A Will is a legal document setting out how you want your assets to be distributed after your death. You can leave behind instructions as to how your assets will be treated, managed or given to others. If you want to look after or provide for family and loved ones, then a Will becomes extremely important to ensure that your intentions and instructions are clear.

What happens if you do not have a Will? Not having a Will only becomes an issue after your death. Considering that your death would probably be a very difficult time for your family and loved ones, any emotional stress that they experience may be complicated and compounded by unnecessary legal problems if you did not have a Will or if your Will was incomplete, incorrect or invalid. Save them from those problems - prepare your Will today.

How do you prepare a Will? There are many ways to prepare your own Will. There are do-it-yourself Will kits available from various newsagents, post offices or online. These kits generally provide basic instructions on how a Will should be set out and signed, however they do not and cannot provide you with specific or relevant advice regarding your own circumstances.

Where can you get advice on preparing a Will or my estate planning strategy? Professionals such as solicitors or financial planners provide advice regarding preparing a Will or estate planning.

At PHANG LEGAL, our experienced lawyers provide a quick, simple and hassle free approach to preparing Wills and provide easy-to-understand advice regarding your estate planning requirements. We work closely with financial planners to develop strategies to minimise tax implications and expenses while protecting the assets of the estate, maximising retention and potential income. If you make your new year's resolution to be preparing or reviewing your Will, then you must call us on +61 2 9687 8885 to discuss how we can assist you, or visit our website at www.phanglegal.com.au for more information regarding our practice.

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Ern Phang
Solicitor & Public Notary

PHANG LEGAL
www.phanglegal.com.au

About Ern Phang

Ern Phang is the solicitor director of Parramatta law firm, Phang Legal. Ern practises in the areas of property and commercial transactions, corporate compliance, and is an experienced company director and company secretary. Ern has extensive experience in civil litigation (ie, commercial and insurance claims, debt recovery and general disputes) and various forms of dispute resolution. Ern is also a notary public.

Ern has and continues to act for a variety of business (domestic and international), government departments and the military, and not-for-profit community/religious organisations - as well as individuals and their families. Ern is passionate about the local community, and enjoys being in local business involved with and supporting local organisations and local people.

Ern's dedication to his clients and community service continues to drive Phang Legal from strength to strength.

About Phang Legal

Phang Legal is a progressive and dynamic law firm offering a different attitude to the practice of law and a different approach to the delivery of legal services. The firm continues to honour the traditions and standards of the legal profession, while remaining current and relevant to ever changing client requirements and expectations. Phang Legal provides cost effective and practical solutions across a wide range of practice areas including conveyancing and property law, corporate and commercial law, litigation and dispute resolution, wills and estates (elders law), legal aid and criminal law, and notary public services.