When it comes to embarking on the exciting journey of marriage, many couples choose to protect their interests and assets through a legally binding document known as a prenuptial agreement. In this guide, we’ll navigate the Australian legal landscape together to understand the key elements covered in a prenuptial agreement. What is a Prenuptial Agreement
Do you have a valid Will? Creating a Will means avoiding the risk of dying intestate and provides clarity for what happens to your assets after your passing. What does ‘Dying Intestate’ mean? The meaning of ‘dying intestate’ is dying without a valid Will. Intestacy rules dictate that your estate is administered according to the
It is possible to not write a Will and not nominate anyone to inherit your assets when you pass away. This is called ‘dying intestate’. When this happens, the laws of your state or territory will decide how your estate is administered. However, this means you don’t have the opportunity to decide how your assets
If you have a range of digital assets, it is important to put in place a digital estate plan to ensure the safeguarding and legal transfer of these following your death. What Are Digital and Online Assets? In the modern world, many people will already own a collection of digital assets – even if you
Confused about the difference between wills and trusts? If you’re ready to plan for your estate, learn more about the benefits of these different legal documents. What is a Will? A Will is a legal document that outlines your wishes for when you pass away. It includes important details about what you want to do
Estate planning is an important part of defining and protecting your interests. Wills and estate planning can be a daunting process. However, an estate administration lawyer will help you create, implement and modify the right plan for you. The process is fluid and should be reflective of your family’s structure, living circumstances, and financial position.
Do you have a Power of Attorney? Many Australians may not realise the risks involved with not nominating a person to act in your best interests in case you are unable to do so. Recent journalist investigations have revealed the neglect of people placed in the care of the state when they become incapacitated. To
Do you need a power of attorney in Victoria? A power of attorney (POA) allows you to nominate someone to act in your interests if you are not able to do so. Appointing someone as your power of attorney can protect you if something happens and you need someone to manage your financial or personal
Probate of a will is the certification of a will’s legality and validity. Without a probate, the executor of the will cannot administer the estate. It helps to avoid delay and the risk of the will being contested, which can prevent genuine beneficiaries from receiving the assets willed to them by the deceased person. Anyone
