Understanding the Key Elements Covered in a Pre-nuptial Agreement or BFA (Binding Financial Agreement)
When it comes to embarking on the exciting journey of marriage, many couples choose to protect their interests and assets through a legally binding document known as a prenuptial agreement. In this guide, we’ll navigate the Australian legal landscape together to understand the key elements covered in a prenuptial agreement. What is a Prenuptial Agreement
The Importance of Creating a Will and Avoiding Intestate Succession
Do you have a valid Will? Creating a Will means avoiding the risk of dying intestate and provides clarity for what happens to your assets after your passing. What does ‘Dying Intestate’ mean? The meaning of ‘dying intestate’ is dying without a valid Will. Intestacy rules dictate that your estate is administered according to the
A Guide to Selecting Beneficiaries for Your Will
It is possible to not write a Will and not nominate anyone to inherit your assets when you pass away. This is called ‘dying intestate’. When this happens, the laws of your state or territory will decide how your estate is administered. However, this means you don’t have the opportunity to decide how your assets
Digital Estate Planning: Safeguarding and Transferring Your Online Assets
If you have a range of digital assets, it is important to put in place a digital estate plan to ensure the safeguarding and legal transfer of these following your death. What Are Digital and Online Assets? In the modern world, many people will already own a collection of digital assets – even if you
Wills and Trusts: Understanding the Key Differences for Effective Estate Planning
Confused about the difference between wills and trusts? If you’re ready to plan for your estate, learn more about the benefits of these different legal documents. What is a Will? A Will is a legal document that outlines your wishes for when you pass away. It includes important details about what you want to do
Estate Planning: Key Factors to Keep in Mind
Estate planning is an important part of defining and protecting your interests. Wills and estate planning can be a daunting process. However, an estate administration lawyer will help you create, implement and modify the right plan for you. The process is fluid and should be reflective of your family’s structure, living circumstances, and financial position.