Baby Boomers and Family Trust Funds In NSW Baby Boomers are setting up Family Trust Funds to help next generation family members but what are the benefits associated with setting up a Trust? Baby Boomers in Australia are in a unique position compared to previous generations, they are home owners in a rising property market, … Continue reading Baby Boomers and Family Trust Funds
Gifting The Family Home In A Will In NSW Gifting the family home in a Will can cause a few red flags, if you don’t have expert advice at the time of making your Will. What if Property is Jointly Owned? Can you gift it to someone in your Will? One of these issues … Continue reading Gifting The Family Home In A Will
How To Leave A Business In A Will In NSW How to leave a business in a Will, is something to be considered earlier rather than later especially if there are multiple assets involved. The first thing to do is to sit down and talk to your family about the options available for the business … Continue reading How To Leave A Business In A Will
Can Sydney Wills Lawyers Help In NSW Can Sydney Wills Lawyers help and take on the case if a lawyer who administered the Estate acted negligently? It is unfortunate but it can happen, a lawyer who is meant to be Administering a Deceased Estate acts negligently in fulfilling their duties. When this occurs the people … Continue reading Can Sydney Wills Lawyers Help?
Challenging A Will In The Supreme Court In NSW Challenging a Will in the Supreme court will depend on the type of Will Challenge involved. There are a number of avenues to challenge a Will including family provision claims, a lack of testamentary capacity by the Will maker, fraud, undue influence or a need to … Continue reading Challenging A Will In The Supreme Court
What happens when an Estate is insolvent in NSW? Estate is insolvent in NSW when the liabilities of the deceased Estate are greater that the assets of the Estate. When a person dies it is the duty of the Executor named in their Will (or appointed by the Court if the deceased did not leave … Continue reading What Happens When An Estate Is Insolvent?
Inheriting Property In Australia Inheriting Property in Australia even if you are living in another country is not longer a problem. Times have changed and it is now easier than ever for people to live in countries different from where they were born. This often raises the question of what happens if you are living in … Continue reading Inheriting Property
Who Pays For A Family Provision Claim and What Is It? Family provision claims are claims made by a person against a deceased Estate where they have not been included in the deceased’s Will or when they believe they should have received a greater share of the deceased’s Estate. A family provision claim can only be made by … Continue reading Family Provision Claim – What is it?
What Is The Interpretation of Personal Possessions In A Will? This has long been the subject of court decisions about what is included in “personal possessions” and how they are to be distributed to beneficiaries. A recent case in the New South Wales Supreme Court, Lowe v Lowe , examined the meaning of “personal effects” … Continue reading Interpretation of Personal Possessions In A Will
The question of who can benefit under Inheritance Laws, will depend on whether a person has left behind a valid Will or not. If a person has left behind a valid Will, then the people named as beneficiaries in their Will, generally inherit the assets left to them in the Will. The exception to this is … Continue reading Inheritance & Who Can Benefit