Suppose you are a second wife in Australia. In that case, your entitlement to inheritance, property, and financial support depends on several factors, including the existence of a will, the rights of children from previous relationships, and family provision claims. In the absence of a clear will, the law of intestacy may apply, potentially dividing […]
What Is a Second Wife Entitled To: 9-Point Comprehensive Guide Read More »
Making a will in Victoria ensures your assets are distributed according to your wishes after your death. To create a valid will, you must clearly outline how your estate should be divided, appoint an executor, and follow the legal requirements under Victorian law. Writing a will helps protect your loved ones and ensures your intentions
How to Make a Will in Victoria: 6 Important Steps Read More »
If you’re wondering how to get guardianship of a child without going to court, the most common method involves creating a formal agreement with the child’s parents or current guardians. This process typically requires written consent from all parties involved and clearly outlines the guardianship responsibilities. While this approach avoids the courtroom, it’s important to
How to Get Guardianship of a Child Without Going to Court : Comprehensive 8-Point Guide Read More »
When inheriting property from parents, the first step is to understand the legal process involved. The property transfer typically occurs through a will, where the deceased parent’s estate is distributed according to their wishes. If there is no will, the estate is distributed according to the intestacy laws of the state. Assessing Capital Gains Tax
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In Australia, you are not legally required to leave anything in your will to your son. However, it’s important to understand that excluding a child from your will can be challenged under the Family Provision Act if the child believes they have not been adequately provided for. This process allows courts to redistribute your estate
6 Things to Know About Leaving Your Son In or Out of Your Will Read More »
You need to use specific estate planning strategies to leave money to your son while ensuring that his wife does not have access to or control over the inheritance. These methods can include setting up trusts, creating prenuptial or postnuptial agreements, and clearly outlining your wishes in your will. Here’s how you can achieve this
How Can I Leave Money to My Son but Not His Wife Read More »
Yes, you can pass your inheritance to your child in Australia. This process can be managed through careful estate planning, ensuring that your wishes are clearly documented and legally binding. There are several ways to structure the transfer of your inheritance, including through wills, trusts, and gifting during your lifetime. Here’s how you can effectively
Can I Pass My Inheritance to My Child Australia? Read More »
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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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
Cost of Changing Your Will: 3 Key Factors Read More »
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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