What does a little old lady, her Sydney Harbour mansions, her neighbours and a promise have in common? The Supreme Court of New South Wales recently had to consider that very point! The Court had to decide whether a verbal promise by the elderly Mrs Murphy to leave...Read More
This is the fourth in our series of articles on the uncertainties of death. Myth – “I can defeat a challenge to my Will from a family member by making a token gift to them in my Will”. Wrong! If a person challenges your Will, they are seeking an amount from your...Read More
This is the first in our series of articles on the uncertainties of death and busting some common Estate Planning myths. Myth – If I pass away without a Will “everything just goes to my spouse… right?” Wrong! If you die without a Will, you die “intestate”. This...Read More
It is often the case that executors live far and wide and that is usually not an issue in estate administration. Care must, however, be taken before appointing an overseas resident to be the sole executor of an Australian estate. An estate is a trust. The residency...Read More
People are becoming increasingly aware of the importance of having in place a Binding Death Benefit Nomination to dictate who receives their superannuation on death. Your superannuation is not an asset of your estate. The Trustee of your superannuation fund will...Read More
