For Will-makers, it is important to ensure that the beneficiaries of your estate receive your assets as intended. Fortunately, there are a range of options available to assist you to protect your assets after you die, as our Wills & Estates team explain.
A trust is worthwhile for holding and managing your assets. What it depends on are your finances, income, job risk, family situation and future plans. We explore some of the advantages of a trust, which might assist to answer the question of whether a trust is a good idea for you.
When a Will maker passes away, the executor makes an application to the Court to confirm the validity of the Will. If a DIY Will is not drafted or executed in the manner required by the law, proving the Will's legitimacy before a court may be costly and time-consuming.
It is an unthinkable scenario but it is important to understand and be prepared for what happens if the Executor of a Will dies or is incapacitated. We outline key things to consider that can assist to avoid this situation. Read here for more.
When parents are passing on their wealth to the next generation, they are often concerned that it not fall into unintended hands. Primarily, this concern relates to the potential for a child's spouse to receive a payment from the inheritance in a Family Law settlement.
As more complex family situations arise, it is increasingly important to properly draft your Will and to follow careful estate planning process. Our Wills & Estates team summarise the advantages of having a properly drafted Will in place to ensure your estate is distributed in the manner you intended.
