When most people think about estate planning, they imagine writing a will that says who gets what when they pass away. But here’s the twist: in Australia, your superannuation isn’t automatically covered by your Will. That surprises a lot of people – and it’s one of the most common questions financial advisers receive around estate […]
What is an ‘I love you’ Will and is it right for you?
An ‘I love you’ Will is a type of simple estate planning document where individuals in a couple can make arrangements to leave everything in their estate to the other. After both individuals in the couple pass away, the estate will typically go to their children, or other designated beneficiaries. This kind of Will can […]
What happens if I die without a Will?
A Will is an important legal document that states how you want your property and assets to be distributed when you die, to whom (your beneficiaries) and who should manage the process (your Will’s executor). If someone dies without a valid Will, they’re said to have died “intestate”. In such cases, intestacy laws apply, and […]
Five tips for digital estate planning
Most people make plans to dispose of their tangible property after they’re gone, but these days, we all have an awful lot of intangible property to deal with as well. You may not be too concerned about what’s going to happen to your email or social media account after you die, but there are some […]
An introduction to Testamentary Trusts
If you have a Will in place, you could be mistaken for thinking that your estate planning is taken care of. But have you considered if your Will can stand up to obstacles that your children may face such as divorce, bankruptcy, long-term illness? One way lawyers protect against such events is by incorporating Testamentary […]