Contrary to what many may think, superannuation is not like money in a bank account. While proceeds of a bank account will simply be divided according to your Will, superannuation…
Two of the most common terms used in Wills and the administration of deceased estates are ‘executor’ and ‘beneficiary’. But what do these terms mean? What is a beneficiary? In…
If you have a trust, there are specific issues that you need to consider from an estate planning perspective. Are all trusts the same? No, but the most common types…
Yes, you can write your own will. There’s nothing legally to stop you from doing that. And, of course, many people do. But you need to understand that there are…
There can be quite significant consequences if an original will is misplaced or lost. So, for that reason, many people will deposit their original will with a law firm where…
A will is a legal document that passes ownership or transfers ownership of your assets to beneficiaries when you pass away, whereas estate planning involves a much broader consideration. Estate…
Executors have a number of responsibilities as a legal personal representative (“LPR”) when acting in the administration of the estate. They can generally be categorised as follows: take steps to…
One of the most important considerations a testator has in preparing their will is appointing a person/s to act in the role of executor. Many times, the phrase “it doesn’t…
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