Why You Need Two Wills for Assets in Australia and Iran
If you own assets in both Australia and Iran, a single will may not be enough to ensure your estate is properly distributed. Each country has its own legal system, and without separate wills, your beneficiaries could face delays, legal complications, or even unintended asset distribution. In this blog, we explain why having two wills—one for your Australian assets and one for your Iranian assets—is essential for a smooth and effective estate plan.
Protecting Your Inheritance: The Power of a Trust in Your Will
A testamentary trust is a valuable estate planning tool that helps protect your beneficiaries from financial risks, including divorce, bankruptcy, and poor money management. By placing assets in a trust upon your passing, you can safeguard your estate from potential claims, creditors, and reckless spending. Whether you want to protect a loved one from a family law dispute, support a beneficiary struggling with addiction, or secure assets for a business owner, a testamentary trust offers significant advantages. Learn how this trust works and why it may be the right choice for your estate planning strategy.
Can You Exclude an Estranged Child from Your Will?
If you are planning to exclude an estranged child from your will, you may wonder whether they can still claim a share of your estate. Under Victorian law, children are considered eligible to contest a will if they believe they have not been adequately provided for. This article explores the legal risks, steps to minimise a successful challenge, and how to ensure your will aligns with your intentions.
Who Should I Choose to Be My Executor?
Choosing the right executor for your will is a crucial decision. Whether you appoint a professional, a trusted family member, or a friend, your executor must be capable of managing your estate efficiently. Learn about the key considerations, potential costs, and the importance of backup executors to ensure a smooth estate administration.