I don’t blame you if you don't want to act as executor! Some people nominate family or friends to be the executor of their estate when they die...
It is best to avoid having a non-resident executor of your will. There are 2 main reasons which are a) Taxation, and b) Practicality A...
Sometimes a will might be invalid which is only found out after the testator carks it. A will can be invalid for any number of reasons. What...
When someone dies their superannuation benefits (death benefits) have to come out of super and can only pass to their estate or their dependants....
Imagine this: Homer dies in the kitchen and Marge finds his will. She reads it while waiting for the ambulance and finds that he has left a...
Tax Tip 289: CGT on Inheritance left to one person when put into different names Sometimes people don’t realise what they do will have tax...
Who has the power to decide how someone’s funeral will be arranged? Ordinarily, the named executor or executrix has the right to arrange for...
Generally, you should have a will if you have any assets, or kids. Young adults generally do not have either. But don’t forget where they are...
Someone might leave you a gift under their will when they die. You might not know about this until the executor contacts you in relation to its...
There is a legal concept known as ‘estoppel’. It is very complex and comes in many forms, but it basically involves claims made for broken...
It is important to think about the potential tax issues that could arise upon your own death. A little bit of planning can save the family lots of...
A will can be revoked only by a testator (will maker) with testamentary capacity. Others cannot revoke the will - even by destroying it. An...
Hi All, I am looking into what structures might be best appropriate to hold family wealth for generations. Discretionary trusts have a lot of...
There are a lot of succession cases which involve children inheriting farms. This is because often one child will work on the farm while other...
Not many realise but a will doesn’t necessarily need to be followed. It can be varied. One way of doing this is for all interested parties agree...
When a person dies if they have not made adequate provision for certain persons, these persons could potentially make a claim against the estate....
Most would assume a person can only have one will, but this is not the case - a person can have multiple wills all of which can be valid at the...
When a person leaves a gift to 2 of more people under a will, unless specified otherwise the gift is to then as joint tenants – generally. To...
A great strategy is to leave assets to a TDT – Testamentary Discretionary Trust. Under NSW land tax law a beneficiary under a Testamentary...
What! I hear you ask, but wait, there can be good reasons to appoint an outsider as trustee of ‘your’ trust. This is especially so after your...
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