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Being appointed as an Executor often comes at a time when you are also dealing with the loss of someone close to you. One of the first things most executors want to understand is how involved the role will be in practice, and what is likely to be required of them. Getting the early steps right — particularly around identifying assets and managing timing — can make the rest of the process significantly smoother.
A Will can be challenged in Australia in certain circumstances, which can affect how and when an estate is distributed. Learn who can make a claim, the timing involved, and what executors need to consider.
Estate administration is often described as a structured legal process — identifying assets, paying liabilities and distributing an estate in line with the Will.
In practice, however, the complexity of an estate is not always driven by the assets themselves. In many cases, it is shaped by the relationships, expectations and changing personal circumstances of those involved.
Intergenerational wealth planning is about far more than the transfer of assets from one generation to the next. In practice, it is about continuity — ensuring that wealth, family relationships and long-term intentions are preserved as circumstances change over time.
Many people assume that once a Will is signed, it is “done for life”. If nothing dramatic has changed, it can be tempting to leave it untouched for decades.
In reality, a Will that is more than 10 years old is often technically valid but practically misaligned with the life, assets and family circumstances it is meant to govern. It is in that gap that uncertainty and unintended outcomes can arise.