Dealing with Wills and Estate Planning can seem a little overwhelming at times, but even more so when trying to understand a bunch of legal terms. Here’s our guide to help you make sense of the most common terms.
In our last post we talked about the importance of creating a future life plan for loved ones with disabilities. Once you have established a framework and support network that will secure your loved one’s wellbeing, you need to make financial and legal provisions needed to support the implementation of the plan. A
One of the biggest concerns parents and carers of people with a disability face, is how their loved one will be supported in the future, when they’re unable to, or are no longer here. While many people with a disability are able to make their own decisions or actively participate in decision making, some
Let’s face it no one likes to speak about death or dying, but this is exactly what you need to do when it comes to estate planning. While it can be uncomfortable and difficult to speak about what will happen when someone dies, it’s also incredibly important to do so.
Setting up a Testamentary Trust as part of your Will can provide many benefits including family law and asset protection, as well as taxation advantages.
Retirement these days looks very different to the generations before us. It’s not as clear-cut as working one day and fully retiring the next. With the Age Pension eligibility age currently increasing from 65 to 67 by 2023, many people are choosing to transition to retirement with a reduction in work hours. Just as many
One of our biggest aims for clients is that their estate is administered efficiently and as painlessly as possible. A high quality, legally binding Will and Estate Plan can go a long way in smoothing the process. Sadly though even the best laid plans can go awry – and with no Will or plan at
Estrangement – Who Can Make A Claim? and How to Protect Your Assets It’s an unfortunate fact for some families that estrangement can occur between parents and children. While this situation on a day-to-day basis is difficult enough, it can become even more complicated when it comes to Wills, Estate Planning and Administration. It’s not
Did you know that your estate plan provides a great opportunity to pass on your values to the next generation? Often when a person is planning how their estate will be passed on, the focus is on financial assets and personal property. Of course this is important, as we all want to pass on wealth to
It seems these days more than ever, parents are helping out their adult children financially. It’s fairly common place for parents to want to help out their children, whether they’re lending money to to support a business venture, repay debts or help buy property. Ideally the money is paid back over time and
Why and how to safely share your online details We all hear often enough how we should never share our online usernames and passwords – for good reason of course – but where does this leave a deceased person’s social media accounts? Many of us are active on one or more social media networks, whether it’s
What to do when a business partner dies or becomes permanently disabled Going into business with someone else, particularly when it’s not a family member, is a big decision that shouldn’t be taken lightly. While many people give a lot of thought to the compatibility of working together and how the business will actually operate, unfortunately
“My Will is simple.” Every day we come across clients who assume their Will is simple. This most commonly happens when a person doesn’t own a lot of different types of assets or they assume everything they own will automatically go to their partner or spouse. While the complexity of Wills varies greatly, they are
Many people assume that having a Will alone is enough to manage all of your assets. While having a high quality Will is a great start, it doesn’t necessarily cover everything. Not all types of assets are included in your estate and controlled by you Will. What’s Not Included in Your Estate
It doesn’t take billions or even millions of dollars of dollars for conflict to occur between family members. When it comes to Wills and Estates disputes can occur over many things. It’s not unusual for family members to disagree over relatively small amounts of money or even sentimental items.
Choosing the right solicitor for you Like any industry, there are varying levels of expertise and specialities in the legal profession. Most people want to be sure they are entrusting their legal needs in the right hands, particularly when it comes to personal matters like Wills and Estates. The question is then how do you
Did you know it’s not just your Executor who has access to your Will upon your death? In Queensland there are laws that make it much easier for some people to access or get a copy of your Will when you die but who exactly are they?
Having a baby is a truly wondrous time, but it is also full of a lot of unknowns. Most parents-to-be put together the usual checklists…the cot, the pram, the nursery, the nappies….but it’s often the most important items that get overlooked. Here’s a checklist of some of the things you may not have thought of but really
Buying a home for the first time is one of the most exciting and important decisions you will ever make. The process though can seem complex and overwhelming with many legal aspects to consider. Every day we help people navigate all of the legalities involved in buying a property, from conveyancing to Wills and estate
How to travel smart At this time of year many of us are travelling or considering travel options for the year ahead. Travelling overseas can be daunting for many people, but it doesn’t have to be. If you plan ahead you can ensure your trip is as relaxing and as enjoyable as possible. After the fun