When helping clients prepare Wills, it is common to receive these instructions ‘Everything goes to my spouse and then to the kids equally”. The surviving spouse often ends up with the jointly owned assets and superannuation too. When the surviving spouse passes away,...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
The preparation of your estate plan involves a number of matters, especially the payment of your superannuation death benefit. From 1 July 2017 a “Transfer Balance Cap” was introduced. In broad terms, the effect of the Cap is to limit the total amount of...Read More
Divorce, ending a de facto relationship or ending a civil partnership can be emotionally difficult but have you ever thought what happens to your Will if these events occur? Under the Succession Act 1981 (Qld), if any of the above events occur, your Will is revoked to...Read More
