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Most people of heard of a Family Discretionary Trust or an Estate Trust known as a Testamentary Trust. But what of the obligations of the people appointed to manage the trust? Can there be risks of a claim if you fail to get it right? Indeed there are risks in failing…
About statutory wills To put it simply, a statutory will is a Will or Codicil made by the Court on behalf of a person that lacks testamentary capacity. The legal framework In April 2006, Queensland introduced a statutory framework for the manner in which the Court may…
Executors and Trustees are personally liable for the tax assessable on a trust estate, so it is critical that they be absolutely sure the extent of that tax liability. But how can you be sure? What action can you take? What forms of application can you make, to ensure…
On 30 November 2020 new forms for Enduring Powers of Attorney (“EPAs”) and Advance Health Directives (“AHDs”) were introduced by the Queensland Government. These new forms are mandatory and the previous forms can no longer be used EPAs are one of the most important…
While this may seem like a morbid question for a Monday morning, dealing with your superannuation is an important part of estate planning. After all, your super funds may represent a sizeable portion of your asset pool when you pass away…