We regularly hear of a client’s plan to stash some cash under the mattress or give money to a family member, prior to their passing to cover the funeral bill when they die. This concern arises from the client’s view that the bank will freeze their account after they...Read More
If you accept the role of executor of an estate, you take on certain legal responsibilities. After the payment of estate debts, the primary obligation of an executor is the transfer of the assets of the deceased to the beneficiaries named in the Will. But what happens...Read More
One of the various roles of an Executor is to make sure that all estate debts are paid. In particular, an Executor needs to make sure any tax liability of the deceased during their lifetime or of their estate is accounted for. Keeping records of everything that might...Read More
If you are appointed as the executor of an estate, you have a number of duties cast upon you. They include: maximising the size of the estate for the beneficiaries; and preparing any necessary tax return or obtaining Income Tax Clearances. Estate administration...Read More
Summer in Australia is typically associated with sun, surf and cricket. The Ashes is one of the most famous rivalries in international cricket. It has been contested by Australia and England since 1882. Sadly, there are sometimes far more emotional disputes over ashes...Read More
