Everything you need to know about testamentary trusts
Testamentary trusts are a powerful estate planning tool. They will save your family tax after you die, save your inheritance from divorce and bankruptcy risks
Testamentary trusts are a powerful estate planning tool. They will save your family tax after you die, save your inheritance from divorce and bankruptcy risks
Under the terms of the simple Will your executor takes charge of the assets of your estate, pays your creditors and forthwith divides the net
Superannuation funds are trust structures that provides benefit to their members upon retirement. The main difference between self-managed superannuation funds (SMSFs) and other super funds
It is common for those in marriages or de facto relationships of long-standing to make Wills that are in very similar terms. Each partner executes
To make a valid Will you (the Testator) must: be at least 18 years of age; understand and approve the nature and effects of making a Will; understand the extent of the property you are disposing of in your Will; understand the claims to which you should give effect (e.g. the moral claims of family); and be of sound mind, memory and understanding.
Our fees for administering an estate are not calculated as a percentage of your estate. Instead, they are based on the work we carry out on behalf of your estate.
You should review your Will when your circumstances change. Consider the following…
It is important that you store your Will in a secure place. After your death your Executor will need to file your original Will at
What is often referred to as a “mutual Will” is in fact a legally binding agreement between two parties providing that neither party will revoke his or her Will without the consent of the other. The Wills referred to in the agreement are often (but not necessarily) made at the same time as the agreement.
Thirty years after the separation Harry died interstate leaving three sisters to whom he was deeply attached. Harry hadn’t made a Will, so his fortune was divided according to the laws of intestacy. Sally took the lion’s share and his sisters received the crumbs.