Probate, a term often encountered but not always understood, is a pivotal stage in estate administration. In Queensland, it involves legally validating a deceased person’s will and granting authority to the nominated executor to administer the estate. This procedure, however, comes with certain costs. Fees largely depend on the complexity and size of the estate, […]
What to Expect: Cost of Probate in Qld Read More »
Probated wills often raise a pressing question: Which details become public and which remain private? With assets, legacies, and personal wishes at stake, understanding this distinction isn’t merely legal jargon—it’s pivotal. After the death of an individual, the probate process’s initiation depends on several factors, including the estate’s complexity and whether there are any disputes
Accessible Records: The Public Visibility of Probated Wills Read More »
The probate process determines the legitimacy of a will and ensures the deceased’s assets are distributed appropriately. But when is it required, and can it be avoided? Dive into the intricacies of Australian probate requirements to better understand its significance and implications. Why is Probate Necessary? Probate is a legal process in Australia that authenticates
Probate in Australia: When is it Required, and How Can it be Avoided? Read More »
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 get paid for this effort?” The answer is generally no, but the details depend on multiple factors. This guide will explore the roles of an
Understanding Payment for Executors of a Will Read More »
Unequal inheritance, a thorny issue that can sow seeds of discord in families, requires meticulous handling, especially in Australia’s intricate legal framework. Whether seeking to understand your rights as a beneficiary or planning your will, our guide offers vital insights and practical strategies to navigate this sensitive terrain, ensuring your peace of mind amidst potential
How to Handle Unequal Inheritance in Australia Read More »
Selling a house after the death of a loved one can be daunting and emotional. You may wonder if you have the legal authority to sell the property and what steps to take. One of the most common questions is: Do you need probate to sell a house in Australia? This article will explain what probate is,
Do You Need Probate To Sell A House in Australia: 4 Important Questions to Ask Read More »
Being an executor of a will can feel like a race against the clock, especially with Queensland’s specific time limits. Delays can lead to penalties and added stress. We’ve curated five insightful tips to help you manage this responsibility effectively and efficiently to make sure. This guide offers valuable lessons about executor time limits and
Executor Time Limits: Delays, Prevention, Penalties and More Read More »
Binding Death Benefit Nominations (BDBN) play a pivotal role in estate planning in Australia. They provide an instrument for individuals to decide the beneficiaries of their superannuation fund benefits in the event of their death. While BDBNs offer certain advantages, such as giving certainty in beneficiary designation and bypassing the probate process, they also carry
Binding Death Benefit Nomination Advantages and Disadvantages: What You Need to Know Read More »
Why you should make your wishes clear with a binding death benefit nomination in your super
A Simple Guide to Binding Death Benefit Nomination for Your Super Read More »
PEOPLE usually understand the importance of having a Will although statistics say that most Australians don’t have one. If you don’t have a Will then the finalisation of your estate and affairs will inevitably be more expensive, complicated and uncertain. The issue becomes even greater when people have overseas assets. There is an increasing number
Consider overseas assets when making a Will Read More »