It is now becoming more common for people who live in Australia to have assets overseas. If you own assets overseas it is important to be aware that each jurisdiction has its own legal system and tax laws. You should not assume that the succession laws and tax regimes you are familiar with in Australia …
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A Power of Attorney is a formal deed governed by the Power of Attorney Act 2006 (ACT). A Power of Attorney is a binding legal document which gives one or more people the legal authority to make decisions, and do certain things on your behalf, but it does not remove your rights to do these …
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The way in which you own your assets has a significant impact on how you treat these assets under your will and how they are distributed after your death. The important thing to remember is that you can “own” assets in different ways. Ways of controlling assets Examples of ways you might own or control …
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A person may leave their assets to whoever they wish. However, the law recognises that there are those who may have relied upon the deceased for support, who are sometimes left out of the Will. If you feel this is you or someone you know, please continue to read. What is a family provision claim? …
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This is a question often presented to the estate planning lawyers in our office. The most obvious answer is that, if there is no will, your estate will be distributed in accordance with the method set out in the Administration and Probate Act 1929 (ACT) (the Act) or the equivalent legislation in the relevant State …
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An Enduring Power of Attorney is a legal document which allows you to appoint a trusted person or persons to make decisions about financial, property and personal matters on your behalf. An Enduring Power of Attorney is the only way to ensure that you have control over who will make decisions on your behalf if …
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Estate planning law is one of the oldest areas of the law and is one area that plays on people’s minds more as they grow older. Following the acquisition or sale of assets, a person should review and possibly update their will to reflect the change in assets and to ensure that their estate is …
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