Leaving money to grandchildren in a will Australia is a thoughtful way to ensure their future financial stability and show your care. One of the most effective ways to leave money to grandchildren is through a trust. Trusts provide a controlled and structured method for managing and distributing assets according to your wishes. Key Takeaway: […]
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No, you do not have to divorce in the country where you were married. In Australia, you can apply for a divorce regardless of where your marriage occurred, provided you meet certain legal criteria. Eligibility Criteria for Divorce in Australia To be eligible to apply for a divorce in Australia, you need to satisfy the
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Changing your will in Australia typically costs between $100 and $600, depending on various factors such as the complexity of your estate, the changes needed, and the professional services you choose. Factors Influencing the Cost of Changing Your Will The cost of changing your will can vary significantly based on several factors. Understanding these can
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The Family Court of Australia prioritises the best interests of the child in all custody matters, which includes considering the mental health of the parents. In Australia, the Family Law Act 1975 governs child custody issues, emphasising that the child’s best interests are paramount. When a parent has a mental illness, the court carefully examines
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Selling an inherited property can be a complex process and involves various emotional, legal, and financial considerations. When you inherit a property, several financial factors come into play, including the market value at the time of inheritance, capital gains tax (CGT) implications, and potential tax exemptions. Understanding these aspects is crucial to navigating the sale
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Understanding the complexities of future inheritance in divorce settlements is crucial for anyone navigating the family law system in Australia. This topic can significantly impact the division of assets and financial outcomes post-divorce. In Australia, future inheritances are generally not considered part of the asset pool in divorce settlements. The Family Law Act 1975 governs
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When dealing with estate planning and administration, it’s important to understand the distinct roles of a Power of Attorney (POA) and an executor. The Power of Attorney does not override the executor. The roles of a POA and an executor are separate and function at different times – a POA operates during a person’s lifetime,
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Handling the tax return for deceased person Australia is a crucial responsibility that often falls on the shoulders of the executor or the administrator of the deceased estate. It involves understanding the legal requirements, gathering necessary documents, and ensuring all tax obligations are met to avoid legal or financial issues. Understanding the Tax Obligations When
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A draft consent order is a legal document that outlines the agreements reached between parties in family law matters, typically relating to property, finances, and child arrangements. Once a drafted consent order is approved by the court, it becomes legally binding. Drafting a consent order correctly is crucial as it ensures that the court understands
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When one parent takes a child out of the country without the consent of the other parent, it can be a deeply concerning scenario that may be classified under international parental abduction. This action often triggers legal implications under both domestic family law and international child protection conventions. The left-behind parent has the option to seek legal recourse to
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