As a parent, you do everything in your power to look after your children and ensure the best for them. Part of this process should include planning for the unthinkable and what would happen if you were no longer alive to fulfil your duties as a parent. The thought of...
A significant amount of cryptocurrency is lost due to investors dying without bequeathing access for their loved ones. Cryptocurrency is not like your traditional bank account which is better regulated and has a clearer method for accessing funds upon production of...
In estate planning, attorneys (who are your enduring power of attorney) are important people. If you are appointing joint attorneys, you want to make sure they can make the right decisions about your financial and legal affairs! Enduring Power of Attorney Your...
In estate planning, executors (who uphold your Will) are critical appointments. If you are appointing multiple executors, you want to make sure they get along as they hold the power to get the things done that really need to be done! Your Will Your executor is...
Did you know that an unsent, draft text message could be a valid will? It is not only formal, signed and witnessed documents that can be a will. The Courts will always try to give effect to a "testamentary intention" if they can. There are a wide variety of ways and...
The pandemic has raised some real practical difficulties around signing and witnessing legal documents because of strict social distancing rules in place to protect us all. In order to facilitate and decrease the need for face to face contact for the witnessing of...
It is always best to have your legal adviser prepare or assist you with your will. Family wealth succession and the financial futures of loved ones are too important to take a short cut. Your adviser can talk to you about your specific circumstances, ask the right...
Understanding the difference between estate and non-estate assets is one of the necessities behind a good estate plan. It is of vital importance to understand which assets may be bequeathed by a will on death. Such assets are "deceased estate assets" to be managed by...
The Guardianship Division of the NSW Civil & Administrative Tribunal (NCAT) resolves disputes or concerns in respect of an incapacitated person's guardianship or financial matters. NCAT's Guardianship Division exercises a protective jurisdiction under the...
THE PHILOSOPHY Your will should never be seen as “set in stone”. It should be seen as a legal document that can be easily updated if and when necessary. Some of the things that might prompt you to consider an updating of your will include: 1. A change to your assets...
A loved pet is as close as family. They can also become an important consideration for your will. There are several options to provide for a pet, in a will: Leave your pet to a friend or relative to care for, usually with a sum of money to assist. (It is important to...
A situation which has been faced by a number of our clients is the breakdown in their relationship with an adult child. At times, the estrangement has reached such a point that the parents no longer wish to provide for the child in their will (or wish to diminish that...
All parents need wills. Most parents would do anything in their power to protect their children and would make great sacrifices to ensure their children grow to become healthy and confident adults. Yet many parents of young or teenage children never get around to...
Our population is ageing. The life expectancy for men is 84 and for women, 87. It is not uncommon for people to suffer from years of ill health particularly in their advanced years. Irrespective of age or whether you are currently in good health it is important that...
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