ESTATE PLANNING & ADMINISTRATION(SUCCESSION PLANNING) ARTICLES
The duties and responsibilities of acting as the Executor of a deceased Estate can be onerous and time consuming; therefore, if appointing a person to act on your behalf, you should consider whether any provision should be made for such person to...
Estate Planning Myths Series: “I don’t need to make a Will because my spouse will automatically receive everything”
An intestate Estate is dealt with in accordance with the rules of intestacy under the Succession Act 1981 but is limited to the assets forming part of the Estate.
Your Executor is responsible for the administration of your Estate and must consider payment of the necessary debts in doing so.
Estate Planning Myths Series: “I don’t need to make a Power of Attorney because my spouse can automatically act”
An Enduring Power of Attorney appoints an person or persons to act on your behalf in relation to the administration of your affairs at a time of your choosing, including following your incapacity. What happens if you don’t have one?
In the matter of Calvin & McTier  FamCAFC 125 (12 July 2017), the Full Court heard an appeal by a husband who argued that an inheritance received FOUR years after separation should not be included in the property to be divided. The Full Court held that the...
Estate Planning Myths Series: Anyone can challenge a Will – it’s not worth the paper it’s written on
A Will is one of the most important legal documents you will make and must be tailored in accordance with your individual needs. It sets out your wishes for the distribution of your estate and provides directions as to who is appointed as your executor and how they...