When a person dies without a Will, this is known as dying “intestate”. This means that their Estate will be distributed according to intestacy rules outlined in the Succession Act. If you have been living in a De Facto relationship and your partner passes away, you have certain rights under intestacy law and may be […]
Read MoreAsset protection is an aspect of financial planning intended to protect your assets against creditor claims. Both individuals and business entities can use asset protection strategies to limit creditors’ access to their valuable assets whilst operating within the bounds of debtor-creditor law. If your business does not have the appropriate structures in place or you […]
Read MoreLife circumstances and relationships can be unpredictable. It can be easy to make hasty decisions when it comes to moving in with a partner, getting married or purchasing a property together. In both de facto relationships and marriages, it’s a very common occurrence for a property to end up in one person’s name. This leaves […]
Read MoreIntervention Orders (IVOs) involve difficult and sensitive matters that should be taken very seriously. There are two types of IVOs: 1. A Family Violence Intervention Order: This helps to protect you from a family member who is violent or emotionally abusive towards you. 2. A Personal Safety Intervention Order: This helps to protect you from […]
Read MoreWhile most people agree that preparing a Will is important in order to protect your loved ones in the unexpected event of your death, studies show that on average, 45% of Australians do not have a current Will. Dying without a valid Will is known as dying ‘intestate’ or leaving what is known as “intestacy” […]
Read MoreA family trust, also known as a ‘discretionary trust’ is a private legal arrangement in which the ownership of your assets such as cash, stocks, real estate and family heirlooms (like antiques or fine art) are parked in an account and managed by an individual or group. It’s a way of structuring your finances to […]
Read MoreDeciding to get married should be a momentous and happy time for all couples. While marriage is a big and exciting stepping stone in life, when planning your future together with your significant other you also need to consider all possibilities. This is where a prenuptial agreement comes in. What is a Prenuptial Agreement (Prenup)? […]
Read MoreIn Australia, it’s estimated that over 50% of people don’t have a legal Will, simply because they haven’t got around to organising one yet! Arranging a Will might seem like one of those ‘I’ll get around to it one day’ tasks, but without one, you run the risk of letting the court decide how your […]
Read MoreChoosing an Executor of your Will can be a difficult decision to make. The Executor is the person (or several people) you allocate in your Will to take care of all your personal, financial and legal affairs after you pass away. Being an Executor is a big responsibility, that’s why it’s important to appoint someone […]
Read MoreSaving for your retirement should be a priority for all working Australians. Keeping your superannuation in-check helps you maintain and enjoy the same lifestyle after you stop working. That’s why you need to be aware of what can happen to your super entitlements if your relationship breaks down. Splitting up can be an emotionally and […]
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