Do you have the same rights as people who are married? For example, to share in your partner's estate, challenge their Will, get damages for wrongful death, claim super benefits, etc? The short answer is, yes, but…
An enduring power of attorney has the power to make a lot of decisions. However, without good planning, they may still not be able to do what you intend them to do. For example, if you appoint your spouse as your enduring attorney they will not be able to do anything that benefits themselves. Find out how to avoid these pitfalls.
If you are living permanently outside of Australia, do you still need an Australian Will? Yes. Find out why.
This of a lawyer like a 'Will Kit' - but with arms and legs.
How does an older farmer exit farming, fund their retirement and keep the family happy? The average age of a farmer in Australia is 56 years old. If you haven’t yet thought about your retirement and succession plan, now is the time. Handing over control of the farm in exchange for an annual income? [...]
If you want to make sure your ‘furbaby’ is looked after when you're gone, we can advise you how to best achieve this in your estate planning.
If you're paying for your grandchildren's education costs, then you're not alone. But is this financial support a 'gift' or a 'loan' to your children? If this is left in any doubt, then bitter family disputes will arise. Take the time now to make sure the ground rules are clear.
This is a lawyer's blog, what do you think the answer is going to be...?! Read on anyway if you're not yet convinced.
Deciding to get married is a big emotional decision. But it's also a massive legal and financial decision. Asset ownership, asset protection, super, life insurance, decision making, estate planning and family financial support, all need to be carefully considered to provide a solid legal foundation for a successful life together.
So you want to help a family member under financial strain? What starts out with the best intentions can soon result is family disharmony. Confusion about whether the advance is a loan or gift can quickly result in argument. The tragedy is that this is so easy to avoid if you take some simple precautions from the outset.
Getting your estate planning up-to-date. Part 3: What happens if you’re incapacitated for a period of time?Andrew2020-04-29T12:41:00+09:30
If you are incapacitated for a period of time, things won't stand still and wait for you to recover. Someone still needs to manage your legal and financial affairs, and others will need to make personal and healthcare decisions for you. Do you have the necessary documents in place to make this happen, and avoid the need for your loved ones to apply to the Government for help? If not, read this.
Download our comprehensive guide to controlling your family trust.
In this article we cover the important questions you need to answer to put in place an effective Will, namely: why should you make a Will, who gets what, how do you fairly divide your assets if you are in a 'blended family, and who you will need to involve in your estate plan? Time to act!
One of the reasons you accumulate assets and savings is to ensure your loved ones are adequately looked after when you die. Your accountant is likely to have put in place strategies to save you tax and protect your assets. But without proper planning, this can mean that your assets don't end up in the hands of the people you intend. FInd out more.
A common frustration experienced by primary producers is that they cannot use their super savings in their business. Not being able to access your retirement savings until you are 60 (generally) and retired, can feel like you are diverting capital away from where it is needed. One way around this issue is to own farmland in your Self-Managed Super Fund (SMSF).