What happens in South Australia to jointly held assets if you and your spouse die at the same time?
Do you remember the scene in Titanic where an elderly husband and wife choose to perish together rather than be separated? The couple were Ida Straus and her husband Isador Straus, Macy’s department store co-owner. Hankies aside, this story is interesting from an inheritance law perspective because it raises the question of what happens to […]
What happens to a gift in your Will if you no longer own the asset when you die?
A gift of property that is no longer in your estate when you die automatically ‘fails’ (or ‘adeems’). This rule can lead to unfairness and unintended consequences.