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Posts Tagged ‘wills’

Aged Care, Granny Flats & Estate Planning

If you or a parent are entering Aged Care, it can be overwhelming. Quite apart from the emotional upheaval, the financial implications can be complex, and good quality financial advice is a must. But equally important is making sure you review your estate planning at the same time. You need to make sure your Will…

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When Is Probate Needed?

One of the main questions we get asked by clients is ‘do I need to get Probate?’. The answer is not always a simple yes or no. To determine whether or not probate is needed we need to look at what assets were held by the deceased at the time of their death. Before banks…

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Jointly Owned Assets & Death

Jointly Owned Assets

Many people are surprised to learn that assets held jointly with another person usually do not form part of their estate when they pass away. In fact, some surprising things can happen with jointly owned assets which you may not be aware of. Let’s take a look at some of the more common ones. Real…

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What happens if you die without a Will? Intestacy Laws in Victoria

what happens if I die without a Will? Intestacy Law Victoria

Should a person die without a valid Will an “intestacy” arises. This means that the deceased’s estate would be distributed as per rules set out in legislation. Some of the downfalls of intestacy include not having control over who benefits from your estate, who administers your estate or who is appointed the guardian of your…

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