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The Importance of Estate Planning Before Capacity Becomes an Issue
We should all plan for our future. Certainly, we should all have a current will, especially those of us who need to make special arrangements for the care of children or pets. Many of us would also benefit from making a formal arrangement to account for a time when we could find ourselves unable to […]
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Deceased Estates – What Happens When Executors Don’t Agree?
When someone dies, their assets are usually distributed according to their will. The person responsible for managing and distributing these assets is the “executor” of the deceased estate. In some cases, a will appoints more than one person to act as executor, and these individuals normally need to work cooperatively to execute the duties of […]
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De Facto Partners – Who Gets Your Super When You Die? Some Common Myths Debunked
Superannuation is an important asset that many Australians accumulate throughout their working lives. If you are in a de facto relationship, do you know who will receive your super when you die? Myth #1: I have made a Will. It is all sorted. It is a common misconception that having a will is enough. This […]
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Dying Intestate – The Perils of Not Making a Will
It is absolutely crucial that you make a Will to avoid the perils of dying intestate. A valid Will determines how your estate is dealt with after you die. Your Will can appoint an appropriate family member or trusted friend to administer your estate (your executor), nominate guardians for young children, determine who will receive […]
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Secure Your Legacy: The Importance of Mental Capacity in Will-Making
The importance of mental capacity in will-making cannot be overstated. Sadly, it’s all too common for family members to argue over the ‘state-of-mind’ of a loved one after they have passed away, leading to contested wills and bitter disputes. The mental capacity of a person can come into question due to aging or declining health, […]
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Challenging a Will in Victoria
Claims can be made for further provision from a deceased estate if relatives or loved ones believe that insufficient provision has been made for them however, not everyone is entitled to challenge the validity of a Will. To be entitled to challenge you must have an “interest” in the deceased estate. That means you must […]
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