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
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
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
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 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.
Wondering if you have grounds to contest a Will? Disputes regarding Wills and estates are difficult and it can be a challenge to mount a successful challenge to a Will, however it is possible. There are a range of situations where the validity of a Will can be challenged or the wishes expressed in the
If you want to make changes to your Will, you may consider using a Codicil. A Codicil is a method for making changes to an existing Will so that you can add beneficiaries, change the distribution of assets and update clauses. Although this is a fast and efficient way of changing your Will, it is
Testamentary trusts offer many advantages for people putting together a Will who hope to have greater control over the distribution of their assets following their death. A testamentary trust allows for tax benefits, as well as protection of assets from creditors or family disputes. What is a Testamentary Trust? Testamentary trusts are trusts built into
Choosing an Executor is an important step in creating your Will. Your Executor is responsible for managing your estate and ensuring your wishes are adhered to following your death, and it’s vital that you choose someone you know well and trust. Role of the Executor The Executor of a Will has a number of important
