Not every estate is the same and there are many factors which can determine how long it takes for the beneficiaries to receive a distribution.
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Normally when you inherit a property you won't need to pay stamp duty but there are some situations where you may.
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What do I do about all the bills when someone has died? Do I have to pay them from my own pocket?
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Despite what Hollywood would have you believe, it is not critical that you find a loved one’s will immediately though it is an early important step in getting the Estate process underway.
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There are strict guidelines on how a will must be signed for it to be valid. In cases where the guidelines have not been followed it is up to the Court and a time-consuming, and costly process, to obtain acceptance.
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Is is possible for grandchildren to make a claim against a deceased’s estate but it is by no means guaranteed successful.
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In listing assets for your will, have you taken the time to list any digital assets such as Bitcoin and made sure they can be accessed.
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When a willmaker had an obligation to provide for someone else and does not, the courts can become involved in what is known as a TFM claim.
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We’ve written about it before, and we’ll write about it again. There are many reasons why you need a lawyer to prepare your will. Here are three of them.
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Covid-19 has accelerated technology advances in many area of law but some areas of Estates remain paper-bound for now so it’s important you get early advice regarding an Estate.
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The answer to the question of “Should I have a will?” is a simple “yes”.
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While Australia has had incredible success so far in “flattening the curve” and avoiding the horrific death rates happening in other parts of the world, a sad reality of life is that the usual cycle of life and death continues and with this the administration of estates.
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If you’re stuck at home because of Covid-19 regulations and worried about the health implications of this pandemic, you may be tempted to grab a pen and piece of paper and quickly write out your own Will. Without the proper legal advice, you may not get it right.
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The current times of extreme uncertainty surrounding Covid-19 are a reminder for us all to consider how we can prepare ourselves for what could eventuate. Self-isolation highlights the importance of creating a Financial and Personal Enduring Power of Attorney.
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A life interest in a will allows a beneficiary to receive the benefit of an asset throughout their life but not to own it.
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Powers of Attorney provide others with the ability to act as if they were you.
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Executors hold important responsibilities over the estate they are appointed to manage.
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In your estate there are a number of items which are considered personal to you.
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Marriage changes you situation and revoked any previous wills. Don't forget an update will be needed.
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Upon your death your superannuation and associated insurance benefits will be distributed by the Trustee of the super fund and not your Will. You can provide persuasive guidance through binding death nominations.
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