Why should an executor consider hiring a lawyer?
Acting as an executor can be a complex and time-consuming role, often involving legal, financial, and administrative duties. A wills and estates lawyer can offer essential guidance, from navigating probate...
Read MoreHow do I get a copy of a will in NSW to see if I am a beneficiary?
If you believe you may be a beneficiary or have an interest in an estate, certain people are legally entitled to request a copy of the will in NSW. These...
Read MoreWhat happens if the estate doesn’t have enough assets to cover debts and gifts?
If an estate’s debts exceed its assets, it is considered insolvent. In this case, the executor must prioritise paying off debts according to legal requirements before any distributions to beneficiaries....
Read MoreCan I dispute the will if I feel I’ve been unfairly treated?
Yes, if you believe the will does not reflect the deceased’s intentions or if you feel inadequately provided for, you may be able to contest the will. In NSW, eligible...
Read MoreWhat is the process for distributing assets to beneficiaries?
After probate is granted, the executor must gather all assets, pay any debts or liabilities, and distribute the remaining estate according to the terms of the will. This can involve...
Read MoreHow do I know if I am a beneficiary of a will?
If you are a beneficiary, the executor will inform you and provide a copy of the will. In NSW, certain people, including beneficiaries and immediate family members, have a legal...
Read MoreWhat is an executor of a will?
An executor is the individual you appoint in your will to handle the administration of your estate after you pass away. Their duties can range from applying for a grant...
Read MoreWhy do I need a wills and estates lawyer?
Creating an estate plan isn’t just about putting wishes on paper; it’s about ensuring those wishes are truly protected. A wills and estates lawyer brings the professional experience to foresee...
Read MoreWhat are the consequences of preparing a will without professional legal advice?
While preparing a will yourself may seem straightforward and cost-effective, the risks of a DIY approach can be significant: The biggest drawback of a DIY will is the lack of...
Read MoreWhat is a discretionary testamentary trust designed to do?
A discretionary testamentary trust is designed to hold assets not in an individual’s name but within a trust, ensuring these assets serve the best interests of designated beneficiaries over time....
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