How to protect yourself and your kids when you start a new relationship, so that you kids benefit from your assets
Am I entitled to a copy of the Family Trust Deed?
In responding to a beneficiary’s request for trust information, trustees should follow these essential steps and consider seeking independent professional advice due to the potential complexities involved. A seemingly straightforward request can escalate into a challenge, impacting the trustee’s actions and possibly leading to the Trustee’s removal if deemed improper. Navigating trust transparency requires careful consideration to protect the […]
What is Estate Planning?
In summary – Be sure to consider the ownership of estate and non-estate assets. Estate planning is how you ensure that your assets are distributed or passed on in a way that you want following your death. It also involves the implementation of documents during your lifetime that allow others to make decisions on your behalf when you […]
Even for family businesses, succession planning is crucial!
In summary – all businesses should prepare for ownership transfers. On the “dos and don’ts” of managing a family business, there is an unlimited supply of material online. Although there is a wide range of advice on this vast subject, business succession planning is a recurring theme. Specifically, why having one is crucial for family businesses and enterprises […]
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 […]