Putting your relationship to bed before jumping into another
As the composition of the Australian family continues to evolve and the number of blended families continues to rise, individuals exiting one relationship and entering another should not underestimate the importance of first finalising their financial relationship with their former partners. For many people, the breakdown of a marriage or de facto relationship involves significant […]
ReadmoreBlended families and the 1 November 2017 changes to succession legislation
1. Intestacy In Victoria, if a person dies without a valid Will (intestate), or with a valid Will but such Will does not deal with all of their assets (partially intestate),1 then the intestacy provisions of the Administration and Probate Act 1958 (the Act) will be applied. These provisions dictate the manner in which the […]
ReadmoreDeath tax? How the superannuation changes may lead to your dependants paying more tax
If you intend to leave your superannuation to a dependant (e.g. your spouse, child or children) by way of pension as opposed to a lump sum, then it is critical that you have your estate plan reviewed in light of the government’s superannuation changes commencing on 1 July 2017. What are the relevant changes? From […]
ReadmorePossession Proceedings Against Deceased Estates in Victoria
Where a registered proprietor of real property is deceased, in Victoria court proceedings may be commenced against the personal representative of the estate. The personal representative is identified by the grant of probate or letters of administration. In some cases an estate does not have a personal representative appointed. This can be due to the […]
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