The traditional method of coming to a solicitor’s office to discuss your queries regarding a legal situation you may be facing can be defeating when you don’t think you can make it past the first hurdle of getting to the solicitor’s office. You may have mobility issues, transportation issues or health issues which prevent you from doing so. There are options to ensure you can proceed with your matter…
Tag Archive for: estate
A Testamentary Trust is essentially a trust that forms part of a Will. A Testamentary Trust comes into existence by direction of the deceased’s Will after they have died. So what are the benefits of a Testamentary Trust? Read more in our article…
Is one of your new year resolutions to get on top of your life admin? Do you have up to date estate planning documents? Australians are generally pretty good at making sure they have adequate insurances to cover circumstances relating to health, cars and property. However it’s estimated that almost half of Australians do not have a valid will and for many that have one, the documents are out of date and do not reflect current wishes.
Even though a Will is one of the most important documents you will ever sign, current statistics show that almost one in two Australians do not have a valid Will. According to the NSW Government, 55% of Australians have a valid Will. Of the remaining 45%, some have no Will at all and others have a Will that is not up to date.
A Will is a legal document and it is a statement of your wishes that are to be executed when you pass away. When you write a Will, you appoint an executor who will oversee the processes of distributing your estate in line with your wishes.
It’s in our nature to look out for our loved ones and one of the most valuable assets you will ever ‘own’ is your education.
So it’s not surprising that we receive a number of calls from people wishing to somehow pay for the future expenses of their child or grandchild’s education, in the event of their passing.
Unlike cash, cars or material ‘things’, the gift of education is one that could make a profound difference in your grandchild’s life.
“Homemade Wills are a curse” – This was the opening remark in a recent judgment of an Australian Will dispute case…
At Southern Waters Legal we agree! Unfortunately we see first hand the expensive mess left behind when people attempt a DIY Will. Homemade Wills often cause significant delays in beneficiaries receiving their inheritance, drawn out expensive litigation and family disputes.