When navigating the complexities of divorce, a common question arises: “Is personal debt shared in divorce?” The short answer is it depends. In Australia, the division of debt during a divorce is subject to the Family Law Act 1975, which aims for a fair and equitable distribution of assets and liabilities. This means that personal […]
3 Factors That Influence How Personal Debt Is Handled in Divorce Read More »
A common question when navigating the complexities of divorce settlements is whether gifts are included in the division of property. The short answer is, it depends. In Australia, whether gifts are included in divorce settlements depends on factors such as the gift’s origin, intended use, and its application throughout the marriage. Understanding Gifts in Property
Are Gifts Included in Divorce Settlements? Read More »
The decision to transfer money before a divorce can seem like a lifeboat to some. However, this move, often made in anticipation of property settlements, can have significant legal and ethical implications. Understanding the legal intricacies of transferring assets before a divorce is essential for anyone navigating this challenging phase of life. The Legal Landscape
Transferring Money Before Divorce: 5-Point Comprehensive Guide Read More »
In Australia, the compensation an executor of a will receives, known as an executor’s commission, can vary. Generally, it is not a fixed amount but a percentage of the estate’s value, typically ranging from 1% to 5%. This commission is meant to reimburse the executor for the time, effort, and expenses incurred in administering the
How Much Does an Executor of a Will Get Paid in Australia Read More »
One of the primary concerns for many when considering the creation of a will with the assistance of a lawyer is the costs involved. In Australia, the price can vary significantly depending on several factors, including the complexity of your estate, the experience of the lawyer, and the specific services you require. Generally, you can
Cost of Making a Will With a Lawyer: 3 Important Factors Read More »
In the realm of estate planning, a question that often arises is: “How many executors can you have on a will?” The straightforward answer is that there is no legal limit to the number of executors you can appoint in Australia. However, it is common practice to appoint one or two executors, with some individuals
Multiple Executors on a Will: 3 Key Disadvantages Read More »
Regarding estate planning and wills, one term that frequently pops up is “testator.” But what is a testator? A testator is an individual who has made a will or given a legacy. This person is at the heart of estate planning, as they are responsible for creating the document that outlines how their assets should
What is a Testator? Read More »
Probate, the legal process of validating a will and administering an estate, involves various fees that can impact the overall financial planning of an estate. In this article, we’ll delve into the key costs you can expect to incur with probate in Victoria. Understanding Probate Fees in Victoria The cost of probate in Victoria is
Cost of Probate in Victoria: 6 Important Factors Read More »
Parenting orders play a vital role in establishing clear guidelines for the care and welfare of children after parents separate or divorce. However, life is dynamic, and circumstances can change, necessitating a review and potential modification of these orders. Let’s explore the key reasons for changing parenting orders and the process involved. The primary reason
4 Important Reasons to Change Parenting Orders Read More »
A Deed of Release is a crucial legal document used to formalise the end of a contractual relationship or to resolve a dispute between two parties. It is typically required in situations where parties seek a clean break, ensuring that either side can make no further claims once a matter is settled. This document is
When Is A Deed of Release Required? Read More »
