The trustee can be an individual, although it is common for corporate trustees (meaning a company) to be appointed as the trust does not need to go through a reappointment every time someone wants to retire or dies....
Discretionary trusts are a common vehicle to move assets through generations. Assets held in any trust require particular care when estate planning, as they do not automatically form part of your estate on your death. The biggest challenge clients face is realising that assets in...
Are Powers of Attorneys and Enduring Guardians important in Estate Planning? ...
Why an estate plan is not reserved for the wealthy, and the implications of not taking proper legal and financial advice when planning the management of assets during your life, and the disposal of assets on death. ...
There are a number of reasons you would disclaim a gift from a Will, the following are just some of those:...
No one is compelled to accept a gift that is given to them, and that principle extends all the way to receiving a gift on the death of another person. The rejection of a gift resulting from the death of another is commonly called a...
Court can be a very intense and stressful experience, here are some tips to help you stay calm under pressure. ...
In the recent Family Court of Australia Decision in Baskin & Baskin [2020] FamCA 401 The wife sought that she be substituted as a party for her late husband and that her Amended Initiating Application be dismissed....
There are some cases in family law proceedings where the two areas of law (estate law and family law) converge. The effect a death can have on a Family Law property division can be quite significant....