Why it is important that you tell your solicitor about stepchildren

Last week I
assisted a client who wanted to a “quick” update of his will. The client was
quite diligent in ensuring his estate plan was kept up to date and explained
that he has updated his will on a number of occasions as circumstances in his
life changed. He was also what I would consider a sophisticated […]

Importance of comprehensive estate plan review

Just recently a client asked why we sent a letter to him
and his wife reminding them to review their estate planning documents, as he
believed that it had not been that long since they initially prepared their
documents. When I mentioned to him that it had been 10 years since they last did
their wills, he was […]

Don’t think you need a Will? Think again!

It is alarming how many people, especially those with underage children, who do not have a will.  There are five basic reasons why you should have a will if you have children under the age of 18:

You can appoint a guardian.  The old wives’ tale that your children will go to their godparents […]

1.         My children will go to their godparents when I die. 
This is not true.  The only way to create certainty about who will look after your children in the event that both you and your spouse pass is to make a will and appoint testamentary guardians.
2.         My estate will just go to my spouse […]

DIY Wills = Potential Long Term Problems

Do it yourself “legal” Wills (“DIY Wills”) have been available for some time. They have potentially catastrophic effects and in short are incredibly dangerous. Whilst this article may seem self serving I would like to note from the outset that I am not for one minute saying that I am the only lawyer who […]

By |June 1st, 2016|Categories: Estate Planning|Tags: , , |0 Comments

Estate Planning & Self Managed Superannuation Funds: Is it covered by my Will?

The proceeds of your Self Managed Superannuation Fund (SMSF) and Family Trust do not form part of your estate. They are held by the trustees of the fund on behalf of the beneficiaries, in the case of the SMSF the members of the fund, generally you.That said, depending on the terms of the SMSF […]