How does divorce or separation affect your Will in South Australia?
Unlike divorce, marriage separation does not have an effect on your Will. For this reason, the period of separation that occurs prior to divorce is possibly one of the most important times to ensure your Will reflects your changed circumstances.
What is a Testamentary Trust and why would I need one?
When you give an outright gift to someone under your Will, the beneficiary receives the gift from your executor, with no strings attached. The beneficiary can do what they like with it. If you impose any rules on the gift, then you have effectively created a ‘testamentary trust’, and things get a little more complicated.
Who gets the farm?
Do you have the right to determine who inherits your farm? The short answer is ‘not necessarily’, but there are things you can do to increase the chances of your wishes being upheld.
Why you must keep your estate planning up-to-date
We are often asked how much damage outdated estate planning documents can do. The answer is clear: a lot.
4 key things to think about before you start your estate planning
Estate planning basically involves working out what you have, deciding where you would like it to go, and then choosing people to make that happen. Here’s 4 simple questions that you will need to answer to get things started.
Death and child provision. Do you understand what happens?
The effect of death on ‘Child Support Agreements’ and ‘Binding Financial Agreements’ can be a little complicated – but more importantly, can have unintended consequences for your Estate Planning.
Why use a testamentary trust in your Will?
Take greater control over your Estate by incorporating “testamentary trusts” within your Will – and your family will benefit for generations.
Podcast: What happens to your assets when you die?
Hear Andrew Andreyev on ABC Radio 891 Drive-time in Adelaide discuss the concepts of ‘probate’ and ‘letters of administration’, and how your assets are dealt with generally after you die.
Podcast: What will happen to your super when you die?
Hear Andrew Andreyev on ABC Radio 891 Drive-time in Adelaide discuss the things you need to think about when planning where your super will go when you die.
Why do I need to think about what happens to my super when I die?
If you die with money left in super, there are a number of things you need to think about. Most importantly, who will get your super, and what tax will be payable?