What is statutory legacy in NSW? Learn how estates are divided when someone dies without a will and why proper estate planning is essential for protecting your family.
Statutory Legacy in NSW Explained | Dying Without a Will
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Estate Planning
Understanding a Power of Attorney in NSW
Understanding a Power of Attorney is essential for safeguarding your financial and legal affairs when you’re unable to manage them yourself. Our blog explains the different types of attorneys and the responsibilities of the person you choose to act on your behalf.
Understanding an Enduring Guardian in NSW
Choosing an Enduring Guardian is crucial for protecting your future healthcare and lifestyle decisions. Read our latest blog to learn how to appoint the right person and ensure your wishes are respected.
Why you need to have a binding death benefit nomination
In a Will your personal assets will form part of your estate and will be distributed according to your wishes. However, your superannuation and any death benefit do not generally form part of your Estate, and therefore you need to do a Binding Death Benefit Nomination (BDBN) to ensure your Superannuation Balance and Death Benefit or related payments are paid in accordance to your wishes. Read our latest blog for more…
Protecting Your Estate from being Contested
Contesting a Will can be a significant concern for many Australians when planning their estate, especially if there’s a family member likely to challenge the distribution of assets. Understanding the legal landscape and employing strategic measures can help ensure your wishes are respected. Here are some strategies you could implement to protect your estate from being contested under Australian law.
Borrowing Money and Receiving Gifts from the Bank of Mum and Dad
In recent years, the “Bank of Mum and Dad” has become an increasingly popular option for young adults seeking financial assistance. While this arrangement can present an appealing and generous opportunity, it’s crucial to understand the legal implications involved with borrowing money from family members. In this blog post, we’ll explore the key legal considerations to prevent future disputes or legal issues.
The cost of dying without a Will
Wills can be a sensitive and somewhat avoided topic for many of us. It’s quite common to put them on the back burner because they involve thinking about matters we’d rather not contemplate. Some individuals are deterred by the perceived expenses associated with creating a Will, while others simply haven’t found the time to address this important task.
3 Essential Documents in Your Estate Plan
Having a will in place is undoubtedly crucial for ensuring that your wishes are carried out after you pass away. However, relying solely on a will might not encompass all the intricacies and complexities of your estate. This is where a full estate package comes into play. Below are the documents we recommend clients put in place to protect you when the unexpected happens.
Why it’s important to update your Estate Plan when you separate or divorce
Going through a separation or divorce is undoubtedly a challenging and emotionally taxing experience. Amidst the many adjustments you’ll have to make, it’s easy to overlook the importance of updating your estate plan. However, failing to do so can have significant consequences and leave your assets vulnerable to unintended beneficiaries. Read our latest blog to find out more…