For many years both the individual states and the Commonwealth imposed death duties, known as estate duty for the Commonwealth version. Premier Jo abolished death duty in Queensland, and the resultant rush of investment into Queensland led to his lead being followed throughout Australia, so there are no death duties as such in our country. … Continue reading There’s No Death Duty Nowdays, Is There?
What is a ‘Lasting Power of Attorney”? In New South Wales people are able to make a Power of Attorney which is a written document giving a person or persons the right to deal with their property as if they were the owner of the property. For example, you may make a power of attorney … Continue reading What is a ‘Lasting Power of Attorney”?
It is often the case that people die without making a Will. In these circumstances it may be possible for you to make a claim on the Estate of the deceased with such claim being dependent on your relationship with the deceased. Under the rules of intestacy, which is where a person dies without a … Continue reading Can I make a claim where no Will was made?
An Executor named in a Will has many responsibilities to the beneficiaries receiving gifts under the Will. The most important of these responsibilities is an Executor’s duty, to act in the best interests of all beneficiaries and to act impartially between all beneficiaries named in the Will. This duty is commonly referred to as a … Continue reading What is a Fiduciary Claim?
I am putting my affairs in order and have 3 children, 2 are older with families of their own the other is only 16. I’ve heard about using Testamentary Trusts and was wondering whether this would be of any benefit in my situation? A Testamentary Trust would be of benefit in your situation as it … Continue reading Is A Testamentary Trust Always Beneficial?
My mother ended her own life and changed her Will weeks before her passing. This was not done through a lawyer but with one of those Will kits from the post office. I’m not sure she was of sound mind, when she made this last Will. Is this going to be valid or will it … Continue reading Which Will is Valid ?
My mother left me out of her Will and I don’t believe she was of sound mind when she made it. She didn’t make it in the presence of a solicitor, but just used a Will kit. Can I look at her medical records to see if she was suffering any illness like dementia at … Continue reading What are the requirements of a valid will?