Articles matching Succession Planning

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What is Testamentary Freedom and what are the constraints and limitations associated with Testamentary Freedom?

Filed under: Succession Planning, Estates

Testamentary Freedom is the freedom afforded to a person to decide who they want their property to go to when they die.

How to stop paying tax and other debts on your inheritance

Filed under: Succession Planning, Administration of Estates, Family Provisions

The best way is to ask your parents to see an expert business and estate planning lawyer (like Leigh Adams Business Lawyers) who can structure their affairs...

How to set up a Testamentary Trust after death

Filed under: Equity & Trusts, Estate Planning, Succession Planning, Administration of Estates, Estates, Family Provisions

Wills using testamentary trusts are the starting point for most estate planning endeavours. They can ensure that wealth will pass to the intended beneficiaries...

What happens to a person’s estate if they die with no will?

Filed under: Wills, Estate Planning, Succession Planning, Administration of Estates

One of the most important things a person can do is to have a valid will. However, death can occur unexpectedly and if there is no valid will, the estate...

How can I change or revoke my will? A general introduction

Filed under: Superannuation & Elder Law, Wills, Succession Planning, Administration of Estates, Wills, Estates and Succession Planning Law

We here at FindLaw have consistently emphasised the importance of creating a valid will – especially if you have substantial assets, and beneficiaries....

What happens to an unsigned will upon the will-maker’s death?

Filed under: Wills, Estate Planning, Succession Planning, Estates

If a draft will has not been signed prior to a will-maker’s death, then certain persons may make an application to the Supreme Court of Queensland pursuant...

Deceased Estates - when is a Grant of Representation required?

Filed under: Wills, Probate (Letters of Administration) , Succession Planning

WHEN A person dies in Victoria, it is necessary to ensure that his or her affairs are wound up as the deceased is unable to continue to hold property such...

Planning for incapacity: who controls the family trust?

Filed under: Equity & Trusts, Succession Planning

If you control a family trust, it’s not enough to have a Will. You also need a more comprehensive estate plan that determines who replaces you as controller...

Binding Death Benefit Nomination

Filed under: Superannuation & Elder Law, Estate Planning, Succession Planning

A binding death benefit nomination displaces the trustee’s discretion in regard to the allocation of the death benefits of the deceased member. The primary...

10 Reasons you MUST have a Will

Filed under: Wills, Estate Planning, Succession Planning, Estates, Wills, Estates and Succession Planning Law, Wills and Enduring Power of Attorney, Family Provisions

If you don’t have a valid, up to date Will you are overlooking an important opportunity to plan for your family’s future. A Will has many benefits, including...

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