A parent’s ability to spend a child’s inheritance is contingent upon the conditions governing their access to and control over it. Trustees or guardians typically manage inheritance for minors (children
In an increasingly globalised world, it’s not uncommon for Australians to inherit overseas assets. While this may be a windfall, it can also bring a variety of legal and tax
A Letter of Wishes is not legally binding in Australia, unlike a handwritten will. It is typically used as a supplementary document to a will, providing guidance and personal expressions
In Australia, you generally do not inherit your parents’ debt directly. The responsibility for settling any debts falls to the estate of the deceased. What Happens to Debt When Parents
Finding deceased estate sales in Queensland (QLD), Australia involves several steps. These sales, often referred to as estate sales or probate sales, occur when a deceased person’s property is sold,
Understanding the legal and administrative processes after a person’s death can be confusing. The distribution and management of the deceased’s estate depend primarily on whether they left behind a valid
No, there is no inheritance tax in Australia. Inheritance tax is a levy paid on the assets or the value of an estate inherited from a deceased person. It’s calculated
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
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
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