This is so that as many trusts can be created as are necessary so that each of your beneficiaries may in due course have their own trust with themselves as the primary beneficiary and with each trust in identical terms. So, for example, the initial trust may only be for your spouse. Your children are [...]

In order for a will to be valid in NSW, the testator (i.e. the person making the will) must have the capacity to understand the precise nature and effect of the document they are executing. If there is evidence to suggest that the testator did not have such capacity, then the validity of the will [...]

Generally speaking, you can manage your estate planning in order to direct what property of yours you would like to find its way into a testamentary trust created under your will for your beneficiaries after you die. But the following should be borne in mind. Joint Tenancy Property that you hold as a joint tenant with another [...]

The answer to this depends on the likely value of your deceased estate and the number of primary beneficiaries who you would like to take a share in that estate. If your beneficiary or each of your beneficiaries is likely to receive a sum of $500,000 or more then it is certainly worth considering [...]

Did you know that your superannuation does not form part of your deceased estate? Many people consider that if they have made a will then they have taken care of all of their estate planning. They may even believe that their superannuation death benefits will be distributed in accordance with the terms of their [...]

The issue of financial assistance from parents to adult children is very topical and will continue to be so whilst the price for properties remains out of reach for many young people. It is very important for parents to get proper legal advice when deciding to help their children purchase a property. Simply providing [...]