News/Blog
Protecting your assets: BFA vs Will
For many of our clients, protecting their assets for the benefit of their children is the utmost priority. Of particular concern is that their spouse or partner may remarry (or re-partner), either after separation or after our client’s death, and any of their assets...
When to Update your Will (Part 2)
In 2021, we published a blog post on the subject of ‘When it’s time to update your Will’, covering some of the most common scenarios that should prompt a review. In the two years since, we have seen even more situations arise between families that should have led the...
Guardianship of Children – Myths Busted
When preparing a new Will, the guardianship of minor children is often at the forefront of our clients’ minds. For some clients, it can be difficult to choose who would be the most appropriate person to care for their children. This indecision can hold up the progress...
Dying without a Will
It is estimated that up to 50% of Australians do not have a valid Will in place. When a person dies without a Will, their Estate is governed by what are known as the intestacy provisions in the Administration and Probate Act. These provisions allow the Estate to be...
Land Tax and Discretionary Testamentary Trusts
Many clients with a real estate portfolio choose to create discretionary testamentary trusts (DTTs) in their Wills in order to pass the benefit of the portfolio on to their children. The DTT structure has many taxation benefits; however, it is also worth considering...
‘Giving’ money to your children: a good idea?
When considering their succession plan and how they wish to distribute assets during their lifetime, many of our clients raise the idea of giving money to their children for the purchase of a home. With property prices remaining high and increased interest rates...
