Probate and Estate Planning

How much does a Will cost?
Probate and Estate Planning
How much does a Will cost?

A Will is like everything else – you get what you pay for. Asking “how much does a Will cost?” is a lot like asking “how much does a house cost?”. There is no simple answer.  When making a Will, you are dealing with your legacy, your loved ones’ futures, and often hundreds of thousands […]

Google’s Inactive Account Manager
Probate and Estate Planning
Google’s Inactive Account Manager

Harry and his wife Patricia have been married for 20 years. They are an active young family with three young boys in primary school. Harry is a self-employed online marketing consultant who earns enough that Patricia doesn’t have to work, and also has flexible hours so that he can spend a lot of time with […]

Facebook Launches a Legacy Contact Feature
Probate and Estate Planning
Facebook Launches a Legacy Contact Feature

When you die, Facebook used to give your family two options – either permanently delete the site, or make the site a memorial site. There were lots of issues involved with who had the authority to make that decision, and who would Facebook listen to? The difficulty for solicitors acting for the estate of a […]

Testamentary Trusts
Probate and Estate Planning
Testamentary Trusts

A testamentary trust is technically any trust that arises after you die, based on your Will. It could be a minor’s trust, a life interest, or a more complex trust that could benefit your children throughout their lives. But when you hear people talk about “testamentary trusts”, they are generally referred to a family discretionary […]

5 Tips for Appointing Guardians for Your Children
Probate and Estate Planning
5 Tips for Appointing Guardians for Your Children

If you have children, you can’t leave their future uncertain. Updating our Wills is usually the item on our ‘list of things to do’ that never gets done. Quite often, if our Wills aren’t up to date, or we don’t get the proper advice, and our Will doesn’t actually protect our children or our loved […]

One of the Best Investment and Business Structures: The Family Trust
Probate and Estate Planning
One of the Best Investment and Business Structures: The Family Trust

This is a complex area because there are many forms that a trust can take. So I wanted to give you a basic overview of trusts and the family trust in particular. A family trust can be very useful for running a small business or having your investment portfolio including real estate investments in the […]

Estate Proceeds Trusts: a case study
Probate and Estate Planning
Estate Proceeds Trusts: a case study

This case study will illustrate what an estate proceeds trust is, and how it can be used when the Will was a basic Will that didn’t set up the trust itself. In this example, Nicole’s husband Daniel has died in an accident. They have two primary school-aged children, Michael and Melissa. Nicole and Daniel had […]

Death and Taxes
Probate and Estate Planning
Death and Taxes

Death and taxes: often described as the two absolute certainties in life. But what happens when you die, and what taxes are payable? For now, in Australia, there is no death duty or tax payable when someone dies. We are lucky since in other countries their death duty is often a significant percentage of the […]

Appointing an Executor of Your Will and Trustee of Your Estate
Probate and Estate Planning
Appointing an Executor of Your Will and Trustee of Your Estate

An executor is the person you appoint in your Will to administer your estate after you die. They are also known as your “legal personal representative”, and their role converts to the trustee of your estate, particularly if any of your estate is to be held for a beneficiary. It is very important who you […]

DIY Wills Vs Professionally Prepared Wills. What’s the Difference?
Probate and Estate Planning
DIY Wills Vs Professionally Prepared Wills. What’s the Difference?

A friend recently asked me what the real difference was between writing a Will themselves or using a DIY Will kit, and engaging a lawyer to write their Will for them. In this blog, we outline some of the issues you should be aware of when writing your own Will and the potential benefits of […]