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WILLS & ESTATES

Understanding the Essentials: What is an executor?

Understanding the Essentials: What is an executor?

In the administration of a deceased estate, the term ‘executor’ hold significant importance. An executor is a crucial role and is the person authorised and appointed in a Will to administer an estate in accordance with the terms contained in the Will.  Often they will...

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Understanding the Essentials: What makes a valid Will?

Understanding the Essentials: What makes a valid Will?

In Victoria the elements of a valid Will are set out in the Wills Act 1997.  To ensure that your wishes are honoured after your death, it is crucial that your Will be valid because if it isn’t, your loved ones may incur additionally stress and costs in administering...

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Understanding the Essentials: How to revoke your Will

Understanding the Essentials: How to revoke your Will

Life is not always smooth sailing and occasionally it throws us a curveball, and suddenly your Will which you put so much time and thought into no longer aligns with your wishes.  Maybe you have had a change of heart, a falling out with a family member or assets have...

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Paws for thought – Including your pets in your Will

Paws for thought – Including your pets in your Will

Recently there was an article about a woman in China leaving $4.3 million to her cats and dogs rather than her children because she claimed her children rarely visited her when she was unwell.  This article prompted us to think about how with our animal companions...

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Is 2024 the year you make a Will?

Is 2024 the year you make a Will?

We are now already over 2 weeks into 2024 and as we all return to work and our holidays become a faint memory, you may have started thinking about your goals for this year. Did you make any resolutions for 2024?  Maybe a family holiday, a new home or maybe a new job? ...

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Superannuation – important and often overlooked

Superannuation – important and often overlooked

As we have previously discussed, estate planning is the process of digging down into your family, your assets, and your liabilities to ensure that there is a smooth transition of your wealth to your beneficiaries in a manner which reflects your wishes. While most...

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Property ownership in estate planning

Property ownership in estate planning

Do you own your property as joint tenants or as tenants in common?  Depending on the answer to this question, the way your property is dealt with in your Will could be very different. Where two or more people own a property together, it will be generally held in...

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The missing Aston Martin – gifts in Wills

We all have objects of sentimental value which we may want to leave to a loved one when we die.  It would be a family heirloom, a piece of jewellery or maybe even that luxury car that you own.  In your Will you can choose to make a specific “devise” of this property...

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New Year, New You…or maybe a new Will?

2022 has come to an end and slowly the dust from the holiday wears off and we are back to normality and ready to face 2023. Did you make any resolutions for 2023?  Maybe a family holiday, a new home or maybe a new job?  Whatever they may be, we wish you every success...

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Your Estate Planning To-Do List (Step 5 – Review)

As previously discussed, an estate plan is more than just a Will.  Over the last few weeks we have taken you through Steps 1 – 4 of our estate planning ‘to-do’ list which involved: Gathering Information; Seeking Advice; Making Decisions and Drafting Documents; and...

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Your Estate Planning To-Do List (Step 2 – Seeking Advice)

Over our last article and over the coming weeks, we will take you through the 5 steps of our Estate Planning ‘To-Do List’ so that we can ensure that you have considered every aspect that may need to be dealt with as part of the estate planning process. We have...

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