We now live in a global society and it is certainly not uncommon for individuals to own assets in foreign countries. These assets may be stocks, shares, or real and personal property. You might own assets in a foreign country. There’s many reasons why you would – you could be an investor looking to maximise […]
In general, any death benefits paid out by your superannuation is not dealt with by your Will, and in those circumstances the Trustees of your superannuation fund have the discretion to determine who your death benefits are paid out to. The superannuation law allows for you to direct the Trustees of your superannuation fund to […]
It is quite common to see “Do It Yourself” Will Kits in Newsagents or Post Offices. They are often inexpensive and contain directions in relation to how they should be filled out. There is nothing stopping you from drafting your own Will or using one of these Will Kits – that being said, a Will […]
Estate planning can help avoid complications that can arise following the death of a loved one. With an ageing population in Australia, proper estate planning is critical to ensure that your loved ones are adequately taken care of and have directions as to what to do when you move on. Estate planning can include the […]
If you are the parent of a child requiring ongoing care as a result of a disability, planning for their care in the event of your death is a major issue. One of the vehicles that can help manage their financial well being is a Special Disability Trust.
Financial protection such as insurance can help ease some of the stress at difficult times and ensure that financial worries do not add to your family’s emotional burden at time when they are least able to cope.
Leaving authority with a Power of Attorney A Power of Attorney is a powerful document that gives a nominated person (the Attorney) the authority to act on your behalf. In New South Wales, this power is limited to only make financial and property transactions on your behalf. This can be anything from operating your bank […]
Intestacy laws introduced – do you still need a Will? Most people know that it is important to draft a Will however not many people fully comprehend the consequences of passing away without a Will. The legal terminology for this situation is “intestacy”, however this may also apply to a person passing away with a […]