Absolutely correct, you don’t. You’ll be dead. But your family will be alive. They do need your Will. I hear some people say that they don’t need a Will because if they die without one then Queensland Law will pass their estate on to their next of kin – under the Intestacy Rules. That is…
There comes a stage in a lot of peoples’ lives when they consider if a retirement village may be the right choice for them. There are a lot of factors to take into consideration, and not least of these are the legal and financial factors. When considering entry into a retirement village, don’t be too…
As we age, thought is required to be given to the steps required to be able to stay at home as long as you can. Options include managing your own care with the help of family and friends, paying for help privately, perhaps entering aged care sooner than you would like, and accessing government subsidised…
What you must do now is to take action to ensure that upon your death your superannuation will be paid where you want. As we have seen, if you do nothing, then upon your death your superannuation will be paid at the discretion of the Trustees of your Superannuation Fund. Why would you do that?…
Superannuation is not an automatic estate asset. Contrary to what many people think your Superannuation wealth when you die (“Death Benefits”) do not automatically fall into your Estate and may not be subject to or distributed in accordance with the provisions of your Will. Your Superannuation is held in a Trust. The Trust is governed…
Your Superannuation may not be distributed in accordance with your Will. Your superannuation is not an asset which can automatically be dealt with by your Will. It is not personally owned by you but is an asset held in a special purpose trust. Your superannuation may never even go to your estate and the provisions of your…