How to protect yourself and your kids when you start a new relationship, so that you kids benefit from your assets
Function and Obligations of an Executor
Your estate planning decisions are among the most crucial ones you will ever make. Your executor plays a fundamental role in carrying out your estate plan. After you pass away, managing your estate can be difficult and time-consuming so you need the right person for the job. You should choose an executor whom you think: Is willing […]
Good grounds for creating a Will
In summary – it is strongly advised to conduct proper estate planning and maintain an up-to-date Will Writing a legally binding Will, selecting qualified executors, and keeping your Will updated as your circumstances change should all be carefully considered. No Will or next of kin? According to recent reports, the state may inherit the $40 million […]
Separated but not legally divorced? Even more so, it’s important that you have a Will!
In summary – there is a huge danger if you do not have a Will in place during the time between separation and finalizing a divorce and property settlement. Breakups in relationships are common. A former spouse’s relationship can be in any state, ranging from amiable to hateful and all in between. You should be aware of […]
Am I Entitled to a Copy of My Late Parent’s Will?
In summary Undoubtedly difficult and emotional, losing a parent is heartbreaking. Legal issues can frequently cause uncertainty and stress throughout the grieving process. One frequent concern in such circumstances is whether you, as a child or close relative, are entitled to a copy of your deceased parent’s Will. In this blog, we’ll explore the answer to this question, shedding light […]
What is the First Homeowners Grant and Concession?
What is the First Homeowner Grant (FHOG)? The First Homeowner Grant (FHOG) is a one-time payment aimed at incentivizing and supporting first-time homebuyers in their pursuit of buying or building a new house as their primary residence. This grant typically amounts to $10,000, or the lesser of the purchase price or construction cost of the dwelling. Each eligible transaction […]
New State Taxes
State Taxation Acts Amendment Act 2023 The majority of Australian States and Territories have now delivered their budgets for 2023–24, including Victoria. The Act introduces policies outlined in the Victorian Budget for 2023–24, such as: A new duty exemption for a transfer of land from an immediate family member to a person with a disability. […]
Estate planning myths debunked.
Debunking 6 Bizarre Estate Planning Myths: Because you need to know the truth! In summary – Irrespective of your situation, having an estate plan is essential. Many individuals are unaware of the necessity of having an up-to-date estate plan and addressing aspects like superannuation that fall outside the scope of a Will. Some aren’t even aware […]
Why you need a Power of Attorney NOW
Please watch this short video to explain why you need a power of attorney now. You life and finances may depend on it.