Category: General information

What is a mutual Will agreement?

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.

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Hope for the best, prepare for the worst

You may not be able to predict the future, but you can prepare for it. What would happen if you lose capacity to make decisions for yourself or if you become physically unable to manage your affairs? If your answer to either of these questions is, “um… I don’t know!” then consider making an Enduring Power of Attorney.

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When Sally left Harry

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.

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All you need to know about executors

Your executor is the person you nominate in your Will to administer your estate and carry out your wishes upon your death. Read on to find out more about the role of an executor and tips for who you should appoint.

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What about my super?

Superannuation benefits are not normally part of your estate when you die. This means that as a general rule your super won’t be disposed of in accordance with your Will. Usually, the trustee of your super fund will pay your entitlements to one or more of your dependants or to your estate.

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