ESTATE PLANNING & ADMINISTRATION
(SUCCESSION PLANNING) ARTICLESQueensland Capacity Assessment Guidelines 2020 Updated
Capacity is a cornerstone of decision-making. When questions of capacity arise, reference can be made to the Queensland capacity assessment guidelines discussed in this article.
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...
Is an Executor paid for dealing with an Estate?
Is the Executor paid for acting in a deceased estate? 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...
Inheritance received FOUR YEARS after separation available for splitting with former spouse!
Talk about unfair...or was it? In the matter of Calvin & McTier [2017] 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...
Ouch – big tax mistake – home office and CGT
CGT and the small business home office - big tax mistakes The amount of Capital Gains Tax (CGT) you will be required to pay when you sell your home is calculated by multiplying the gross capital gains on the sale of your home by the percentage of business use over the...
What are my Executor’s obligations after my death?
Your Executor is responsible for the administration of your Estate and must consider payment of the necessary debts in doing so.