Protect and Special Disability trusts provide parents who have children with special needs additional ways to provide for them in a will. It is important you speak with a lawyer to understand what would work best for you and your child.
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The law that allows people to contest a will was changed in 2015.
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The famous Australian, "It'll be alright," attitude doesn't cut it when you die without a will. If you die "intestate" there are rules which determine where your estate's assets will be distributed and it won't always be where you think.
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The common misconception that younger people don't have any assets of worth can lead them to believe they don't need a will. Sadly, that misconception can cause additional hardship for their families should the worst occur.
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Writing your own will, either from scratch, by modifying another or through a will kit has the serious risk that you do not get the result you are after. In this article Russell shares from his experience some of the problems that can arise.
Read MoreA normal Will provides a gift to a beneficiary without any conditions. However, a Discretionary Testamentary Trust (“DTT”) has the effect of supercharging the gift. Tax, protection from creditors and relationship breakdowns, and savings, all enter into your decision.
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