Sheredyn Legg

Grants of Representation: Probate and Letters of Administration

Grants of Representation: Probate, Letters of Administration and Others

What is a Grant of Representation? A Grant of Representation is a legal document from the Probate Office of the Supreme Court that authorises an Executor or Administrator (known as the Legal Personal Representative or ‘LPR’) to handle the deceased person’s assets. Since July 2020, these grants are issued electronically. There are several types of

Grants of Representation: Probate, Letters of Administration and Others Read More »

Deceased Estate Administration: Key Considerations and Steps

What is a deceased estate? A “deceased estate” refers to all the assets and liabilities left behind by a person when they pass away. Assets of the estate can include real estate or bank accounts not held jointly, vehicles, shares, personal belongings, pets, unpaid employment entitlements, life insurance policy rights, contractual rights, intellectual property and

Deceased Estate Administration: Key Considerations and Steps Read More »

Loans vs gifts: loan and guarantee advice

Gifts vs Loans: a thoughtful approach to protect your family’s financial future

As interest rates and the cost of living continue to rise, it’s becoming increasingly common for parents to step in to provide financial assistance to their children. Before you decide to help out, there are several key questions for you to ponder: Is there any expectation for repayment? Should the repayment occur during your lifetime

Gifts vs Loans: a thoughtful approach to protect your family’s financial future Read More »

Part IV claims, Testator Family Maintenance Claims

Understanding Part IV claims against deceased estates

A Will doesn’t necessarily determine the final distribution of an estate. If someone feels they haven’t been adequately provided for, they may be eligible to make an application to the Court for a share or a larger share of a deceased person’s estate.  These claims are generally known as Part IV claims, Testators Family Maintenance

Understanding Part IV claims against deceased estates Read More »

What everyone should know about estate planning and property ownership

When buying a property, it’s important to own that property in a way that aligns with your estate planning goals.  Should you own property jointly, solely, or as tenants in common? Understanding the pros and cons of different ownership options can help you make informed decisions about how your assets will be distributed on your

What everyone should know about estate planning and property ownership Read More »

Understanding Victoria’s recent increase to probate filing fees

The Victorian Government has announced a significant increase of filing fees charged by the Victorian Probate Office within the Supreme Court. The new fee structure particularly impacts larger estates, with those valued $7 million or more now facing a fee of $16,803, up from $2,318.90. One positive change is for the small estates under $250,000,

Understanding Victoria’s recent increase to probate filing fees Read More »

Scroll to Top