Testamentary trust are trusts set up in the will of a deceased person. They don’t actually begin until after the death, and actually after the...
Not many people think about how CGT can change the outcome of their inheritance plans. Example Homer is a sole parent dad with 2 properties,...
Hi, Has anyone used willwizard.com.au ? It seems good for someone with simple affairs. It provides for testamentary trust for each beneficiary,...
Just read this article: Sydney couple inherit multimillion-dollar Sydney Harbour estate from elderly neighbour after court battle Basically an...
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...
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...
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...
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...
Hello Everyone, I have been a long watcher and have been reading a lot from this forum. I have a question on wills and insurances. So...
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...
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...
Refusing a gift under a will is possible. Gifts can be rejected, and this includes inheritances. But if you are thinking of doing this to get...
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...
When making a will the testator should consider the potential effects on the pension of recipients. Mum and Dad might qualify for the pension...
Marriage revokes a will! Some people go from de facto to marriage with the same person, but it is often not realised that this will generally...
If you are too specific in a will you might need to make frequent changes to it so that it reflects the changes to your life. This happens when...
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