What does a POA do?
An attorney can handle various aspects of your financial affairs, such as property management, banking, and investments. For example, your attorney may: In doing the above, the attorney must manage...
Read MoreWhat is the difference between a general power of attorney and an enduring power of attorney?
A general power of attorney is only valid while you are of sound mind. They are usually used for a specific purpose e.g. to sell a property, or for a...
Read MoreWhat is an enduring power of attorney?
An enduring power of attorney is a legal document that permits you to nominate someone you trust to make financial decisions on your behalf if you become mentally or physically...
Read MoreWhat is a power of attorney?
A power of attorney (POA) is a document that enables the person (or persons) of your choice to act in your place and do the things you would normally do...
Read MoreHow much does a testamentary trust cost?
The cost of setting up a testamentary trust depends on your circumstances and legal requirements. At Turnbull Hill Lawyers, we offer a free initial phone consultation to discuss your situation,...
Read MoreCan a testamentary trust be contested in NSW?
Yes, a testamentary trust can be contested since it is created through a will. The Supreme Court has the authority to reclaim assets allocated to the trust for redistribution among...
Read MoreCan I establish more than one testamentary trust in my will?
Yes. There is no legal limit to how many testamentary trusts a will can establish. Ideally, a will would establish a separate trust for each beneficiary.
Read MoreHow do I establish a testamentary trust?
Setting up a testamentary trust tends to involve the following key steps:
Read MoreWhat types of assets can be held in a testamentary trust?
A testamentary trust can hold a wide variety of assets, including: These assets are managed by the trustee according to the terms outlined in the will, ensuring they are distributed...
Read MoreWho can be beneficiaries of a testamentary trust?
Beneficiaries of a testamentary trust can be anyone the Testator chooses, including those named in the will. They can be used to support children under 18 or 21, ensuring inheritance...
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