Administering Deceased Estates: What is the six-month rule?

Administering Deceased Estates: What is the six-month rule?

Following the death of an individual, their estate (assets, possessions and property) needs to be managed and dealt with. The executor is the person who may accept the responsibility of managing the estate and carrying out the wishes of the deceased individual. There...
Will Considerations for Blended Families

Will Considerations for Blended Families

A valid will is a very important legal document to have in place before you die, even more so if you are a part of a blended family. A blended family is a family in which a person or their partner could have children from a previous marriage or relationship or...
Executors Of An Estate: Can They Be Paid And How Does It Work?

Executors Of An Estate: Can They Be Paid And How Does It Work?

An executor of an estate is someone appointed by the Will maker to administer their estate. This involves collecting assets of the estate, paying any taxes and debts of the deceased, and then distributing the remainder of the deceased estate according to the terms of...
What Is A Life Interest? And How To Create One In Your Will

What Is A Life Interest? And How To Create One In Your Will

Life interests are popular now that second marriages and de-facto relationships are commonplace in society. Life interests enable you to provide for someone by giving them the ability to use your property after your death. A life interest provides many of the benefits...
Capacity To Make A Will: What You Need To Know

Capacity To Make A Will: What You Need To Know

Whether you have ‘capacity’ to make a decision may significantly impact your ability to conduct your own affairs. Capacity is a particularly important legal concept when making a new will or a power of attorney. Understanding what constitutes capacity will assist you...
Want to Know What Happens To Your Assets After Death?

Want to Know What Happens To Your Assets After Death?

One of the most important decisions to make when considering making a Will is who gets your assets. Many clients are surprised to find that their Will only deals with assets in their own name at the date of death which could only be a bank account of $10,000, although...