Examples of Executor Misconduct When someone dies, their executor manages their estate based on the will. However, sometimes executors act improperly, either intentionally or by mistake. Examples of executor misconduct
Understanding the tax implications during probate in Queensland is essential for ensuring the smooth handling of an estate. Various financial considerations must be addressed, from capital gains tax to income
When someone takes on the responsibility of being an executor of a will, it often involves a significant commitment of time and energy. Many wonder, “Does the executor of will
Tax Implications for Deceased Estates The tax implications for deceased estates in Australia are important considerations for executors and beneficiaries alike. Understanding the tax obligations associated with a deceased estate
Australia does not have a specific gift tax. Individuals can give any amount to family members without taxing the gift. However, while giving a gift itself is not taxable, if
By nominating beneficiaries, you directly control where your superannuation savings will go. However, the choice isn’t as simple as it may seem. Two main types of nominations exist: non-binding and
Estate planning is about more than just wills and assets; it’s about making sure your loved ones are taken care of after you’re gone. One crucial aspect, particularly in Australia,
Living in a property owned by your family trust is indeed possible. This arrangement can offer advantages such as asset protection and potential tax benefits. However, there are crucial factors
Yes, you can pursue legal claims against a deceased person in Australia, but the legal process involves claiming the deceased’s estate rather than suing the individual directly. The claim must
In Australia, transferring property from a parent to a child is a significant financial and emotional decision, often intertwined with estate planning or as an act of generosity. While common,
