Am I entitled to a copy of the Family Trust Deed?

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?

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!

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 […]

Good grounds for creating a Will

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 […]

Am I Entitled to a Copy of My Late Parent’s Will?

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 […]

Estate planning myths debunked.

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 […]