Differences of Wills, ACD, and EPOA: What are they for?
Do you need just one or do you need all of them? Your circumstances can change, making it crucial to have a current will, ACD, and POA. Each of these documents serves a distinct purpose and crucial for effective personal and estate planning—to ensure your wishes are followed and to protect you from potential exploitation. Your best […]
Do I Need A Will?
Without a will, intestacy rules dictate assets distribution, which might not align with your wishes. A properly drafted will allows you to specify who receives your assets, appoint a guardian for minor children, and outline your wishes for your body after death. It is vital to keep your will updated with life changes such as […]
Checklist for Property Settlement when Separating
Protecting yourself and your children during separation. When separating, it’s crucial to address not only the division of assets and liabilities but also financial, maintenance, and future claims. Key considerations include the impact on children, access to joint accounts, and the handling of outstanding debts and bills. Post-separation Arrangements Spouse maintenance claims might persist post-separation, […]
How to Protect your Wealth as a Spouse
Considering financial agreements, aka prenup? To protect your wealth as a spouse in Australia, consider drafting a financial agreement (prenup) that outlines property settlements and maintenance. Professional legal advice is crucial in creating a robust agreement to minimize the risk of it being set aside. Childcare not included Financial agreements help protect assets and property […]
Property Settlement Valuation
How do you obtain accurate and fair property valuation? In property settlements, couples must appoint a licensed property appraiser to determine the fair market value of their home. They should agree on this appointment and provide comprehensive information to the appraiser. Take the first step Agree on and appoint an appraiser and provide them with […]
The Importance of Will in this Unstable Time
Uncertain times call for quick but confident decisions. While it poses unique challenges, updating your will during the COVID-19 pandemic has become increasingly important. If you’re signing a will during quarantine, follow state guidelines for witnessing or consult a lawyer for alternatives, though it’s best to adhere to proper witnessing procedures when possible. Race against time COVID-19 has […]