The law that allows people to contest a will was changed in 2015.
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A life interest in a will allows a beneficiary to receive the benefit of an asset throughout their life but not to own it.
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If you were to give all the money in your will to a charity could your will be challenged?
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To make a will valid, the will maker must have testamentary capacity.
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Understanding how the funeral account can be paid will help reduce stress during a time of grief.
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Executors hold important responsibilities over the estate they are appointed to manage.
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The 2015 legislation changes narrowing the list of potential claimants against an estate includes stepchildren and this was recently relevant in a case decided June 2017.
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In your estate there are a number of items which are considered personal to you.
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If the update to a will is small, for example changing an executor, you could amend it using a codicil but it may be easier to make a new will.
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Marriage changes you situation and revoked any previous wills. Don't forget an update will be needed.
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The Hollywood style reading of the will is mostly a thing of the past. How then do beneficiaries learn of their inheritance?
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Property held as tenants-in-common or with joint ownership are treated differently upon your passing. One is part of your estate, the other isn't.
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In this article, Russell Robertson explains how moving in and out of relationships can create domestic partnerships that have an influence on where your superannution goes should you die.
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Upon your death your superannuation and associated insurance benefits will be distributed by the Trustee of the super fund and not your Will. You can provide persuasive guidance through binding death nominations.
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Never make assumptions about where your superannuation will end up should you die for if left alone the destination changes as you move through different stages of life.
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When administering an estate the executors often need to apply for Probate from the Supreme Court to serve as evidence that the will is valid, the last made, and they are the executors.
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You're incensed that the Will made an unfair provision for you. After all you've done it's not fair or equal. Even so, a willmaker's wishes are respected and a court will only make changes in very limited circumstances if a will is successfully challenged.
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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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With online purchases of music, movies and books you may not own what you think you own. And that means you won't be able to pass it on after you die.
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