Most small business owners are known for devoting a lot of time and effort to making their business a success. Unfortunately not as many business owners put sufficient plans in place to ensure their business continues to thrive when they’re gone. Here’s why succession and estate planning are critical for business owners.
Unfortunately when it comes to Wills and Estates, assumptions, myths and misconceptions are all too common and often result in heartache and expensive mistakes. Recently we wrote a blog post about the Top 5 Wills and Estates Myths but here are 4 more common Wills and Estates misunderstandings.
When it comes providing for your loved ones in your Will, most people think immediately of their children and other family members who may be in their care. Unfortunately many of us overlook other loved ones – our pets.
When it comes to Wills and Estate Planning many people make assumptions that can lead to unnecessary confusion and further heartache for loved ones.
Testamentary Trusts are set up in a person’s Will for many reasons. What exactly is a Testamentary Trust and do you need one?
Dealing with the death of a loved one is hard enough, but it can be even harder when someone contests or challenges the deceased’s Will.
Estate planning and Wills are rarely as simple as we think. Every situation is unique, so it’s not uncommon that a person may be left out of a Will but believe they have a claim on an Estate. So where do you start if you want to contest a Will?
Choosing your Executor will be one of the most important decisions you’ll ever make – but what exactly do you need to consider and how do you choose the right person?
Being an Executor of an estate is an important role but what exactly is involved?
When it comes to administering an estate, one of the most common questions we get asked is, what exactly is Probate and a Court Grant of Probate?
Retirement’s great. Well at least it looks pretty good from the outside. I hope to do it myself one day. You’ve probably spent most of your life shouldering work and family responsibilities. You start counting down the days until you can kick back and focus on you and just enjoying yourself.
Divorce is hard enough, but it’s what can happen much further down the track that can be worse.
It’s everyone’s worst nightmare. The thought of your family fighting over your assets…but what can you do to avoid it?
A General Power of Attorney and Enduring Power of Attorney are very important documents that can provide peace of mind.
Some studies have shown that that nearly one in two Australians don’t have a valid Will. An out-of-date or non-existent Will can result in unnecessary financial hardship and emotional stress for surviving spouses, family and friends.
Nominating a beneficiary with your super fund provider may not be enough to secure your wishes when it comes to distributing your superannuation benefit and any associated life insurance.
One of the biggest misconceptions when it comes to Wills is that “I don’t need one”. This is simple untrue for the vast majority of people.
Are you one of the many people who have put off making a Will? While no one likes to think about what happens after they’re gone, not planning for it can create unnecessary heartbreak and conflict. Perhaps though, the idea of making a Will or an Estate Plan seems overwhelming or too hard. The good news
Losing a loved one and the administration of their estate is one of the most difficult times in anyone’s life. The Estate Administration process can seem overwhelming and confusing with many people not knowing where to start.
When we talk about keeping up with the times we’re not talking about fashion, music or technology. We’re talking about safeguarding your future wishes, as your wishes stand right now.