Incapacity and Planning Ahead: Why Estate Planning Matters Many people overlook the importance of estate planning, assuming it’s only for the rich, elderly or sick. But regardless of your age, health or how much money you have, having a plan is important. Estate planning isn’t just about what happens to your assets after you […]
The Incapacity Series: The Importance of Planning Ahead Read More »
When a person dies ‘intestate’, it means that they have passed away without a valid Will (wholly intestate) or with a Will that doesn’t dispose of all of their property (partially intestate). When someone dies intestate, the intestacy laws of the relevant jurisdiction will determine how their assets will be distributed.
Inheritance in limbo: understanding the basics of Intestacy Read More »
A “deceased estate” (also simply called an estate) refers to all the assets and liabilities left behind by a person when they pass away.
Assets can include real estate, vehicles, bank accounts with a positive balance, shares, personal belongings (such as jewellery and household goods), unpaid employment entitlements, life insurance policy rights, contractual rights, intellectual property and rights to royalties. Domestic pets are also considered part of the estate.
What is a Deceased Estate? Read More »
It probably isn’t a surprise to most people that marriage and divorce are big events that impact on a person’s property and parenting rights. What many aren’t aware of, however, is that these events also have a significant effect on their Will and where their superannuation death benefit entitlements may be paid. Marriage and Wills
The effect of marriage, separation and divorce on Wills and estate planning Read More »
What is an Appointment of Medical Treatment Decision Maker? You have the right to make your own medical treatment decisions. However, if you experience illness or an accident you may be unable to make your own medical decisions (either temporarily or permanently). An Appointment of Medical Treatment Decision Maker (“AMTDM”) is a formal legal document
FAQ: Appointments of Medical Treatment Decision Makers Read More »
The information presented on this website is intended for general informational purposes only and should not be construed as legal advice. It is not a substitute for professional legal advice and should not be relied upon for decision-making. You should obtain advice relating to your individual circumstances. While we strive to maintain accuracy and currency, we do not guarantee this in relation to the information on our website.
Get in touch with the team at Novum Law Group. Leave your details and we’ll be in touch for a free no-obligation chat to see if we can help.
