How Much Does a Will Cost?
Asking “how much does a Will cost?†is a lot like asking “how much does a house cost?â€. There is no simple answer. The cost of a Will is dependant on a number of factors.
7 Reasons To Have A Will
There is no obligation to make a Will, but having a Will offers many benefits, both financial and personal. Here are some reasons to have a will.
Leave a Legacy in Your Will
A legacy is simply a gift of cash in your Will.
Life Interest or Use and Enjoyment Trust?
After you die, you might want a spouse or a child to have the benefit of a certain asset for the rest of their lives. You can achieve this a number of ways in your Will: grant a life interest, or to create a use and enjoyment trust, and to give the specific person the benefit of that trust.
Who Can I Leave My Superannuation Death Benefit To?
There is only a small range of people who are eligible to receive a superannuation death benefit directly.
Cutting Someone Out of Your Will
I’ve had a few more people than usual who have asked how to cut one of their children out of their Will; how can they leave them nothing. My answer is: not with absolute certainty.
Will Disputes: New laws for family provision claims in Victoria
Previously, Victoria was one of the most flexible States in Australia for people making a claim against a Will. Now will disputes are restricted to a list of eligible people.
If super is not my estate asset, what else is not my estate asset?
In simple terms, estate assets are assets that you own in your personal name at the date of your death. These are the assets that are dealt with in your Will. Non estate assets are dealt with otherwise.
Your Superannuation is Not Your Asset
For many people, their superannuation is their biggest asset. However, your superannuation is not an estate asset to be dealt with under your Will. Instead, it is an asset held on your behalf by the trustee of your superannuation fund.
How Can I Talk To My Parents About Their Estate Plan?
I am often asked “How can I talk to my parents about their estate plan … without seeming like a gold-digger/control freak/I’m eager for them to be gone?â€