Who can I name as beneficiaries in my will?
You can name whomever you want as beneficiaries to receive your assets. This can be your spouse, children, grandchildren, friends, brothers, sisters or a charity.
Read MoreWhat does my executor have to do in order to administer my estate?
Your executor must identify all of your assets and liabilities, obtain a grant of probate (if required), use your assets to pay out all of your debts, and distribute your...
Read MoreWho can I appoint as my executor?
You can appoint whomever you like to be your executor. It can be your spouse, children, friends, brothers, sisters, your accountant, and even your lawyer. You can have more than...
Read MoreHow do you write a will in NSW?
In NSW, Section 6 of the Succession Act (2006) states key criteria that must be met for a will to be considered legally enforceable. In most cases, even if only...
Read MoreWhy should I make a will?
Some reasons to make a will include: (1) to express your intention as to how your estate is to be distributed; (2) to avoid cost, delay and difficulty for your...
Read MoreWhat is a will?
Your will is a written document signed by you, which sets out who is to be in charge of administering your estate (your executor/s) and who is to receive your...
Read MoreWhat are the common mistakes made when trying to protect assets?
Many individuals make errors or hold misconceptions about asset protection, which can lead to unnecessary risks. Missteps such as improperly structuring trusts or failing to seek sound tax and estate...
Read MoreWhat type of trusts can be used to protect assets?
Various trusts can be utilised to safeguard assets. In particular, a discretionary testamentary trust is a common option to shield an inheritance from potential claims under family law. Selecting the...
Read MoreCan creditors access my superannuation if I file for bankruptcy?
Superannuation can provide significant protection from creditors during bankruptcy, as it is generally shielded up to a certain value threshold. Any amount exceeding this limit, however, may become accessible to...
Read MoreWhy should I be proactive about asset protection?
Being proactive with asset protection can be vital to avoiding significant legal and financial risks. Firstly, waiting until a threat arises can leave you exposed, as Australian bankruptcy laws prevent...
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