Personal injury

Imagine If You Just Found Out You Inherited A Piece Of Property

As a premier law firm in Adelaide, South Australia, Wright Street Lawyers specialises in family law, estate planning, probate, and criminal defense. Inheriting a piece of property can be both a blessing and a challenge. Let us guide you through the legal implications of this significant event.

Understanding Your Inheritance Rights in South Australia

When you inherit a piece of property in South Australia, it’s essential to understand your rights and obligations. The laws surrounding inheritance can be complex, and seeking legal advice is crucial to ensure that you navigate the process smoothly.

What Steps Should You Take Upon Inheriting a Property?

Upon inheriting a property, here are some key steps to consider:

  • Evaluate the property’s value and condition.
  • Consult with a probate lawyer to understand the legal process.
  • Address any outstanding debts or taxes related to the property.
  • Decide whether to keep, sell, or transfer the property.

Frequently Asked Questions

In South Australia, inheritance tax was abolished in 1979. However, capital gains tax may apply if you decide to sell the inherited property.

Yes, it is essential to update the property title to reflect the change in ownership. A probate lawyer can assist you with this process.

Yes, you can contest a will in South Australia under certain circumstances. It is advisable to seek legal advice to understand your options.

Seek Legal Guidance from Wright Street Lawyers

If you have recently inherited a property and need legal assistance, contact Wright Street Lawyers in Adelaide, South Australia. Our experienced team can provide client-focused advice on estate planning, probate, and property inheritance matters.

Don’t navigate the complexities of inheritance law alone. Let Wright Street Lawyers be your trusted legal partner in securing your inheritance rights.

Contact us today to schedule a consultation and ensure that your inheritance is protected.

Wright Street Lawyers – Adelaide, South Australia