A Family Provision Claim (FPA) refers to a claim which a person can make against a deceased estate if they have been left out of a will or have not received sufficient for what is described by the law as their “proper maintenance and support”.
In short, this will depend on whether you plan ahead. You can decide in advance who can make decisions for you by preparing a legal document known as an Enduring Power of Attorney (“EPA”).
A good succession plan has the following characteristics: (1) It must be tailored. Each person and every family is different. A succession plan must be tailored to your specific circumstances.
A number of our clients have recently received a letter from the ATO asking them about the soundness of their investment strategy.
When a couple decides to separate there are usually a lot of things to attend to at what is a very trying time. Working out where to live, how childcare arrangements will work, and what steps need to be taken to ‘uncouple’ other areas of your life are all time-consuming priorities to sort out.
From the age of 18, having a will should be considered a serious priority for everyone. A will is a crucial document not only for its owner, but for all of that person’s family and friends.
An unfortunate but sometimes inevitable consequence of preparing your Will is that your loved ones start squabbling over who gets what once you die. But apart from family, many people also prefer to leave some or…
Separation or divorce is an unfortunate but common reality for many people. While we commonly assist people with queries about parenting arrangements (formerly known as “child custody” and “visitation”)…
For years, legal and financial professionals have stressed the importance of proper estate planning. We’re told that creating a will and taking all of the associated steps is the best way to…
Wills often include provision for beneficiaries to receive their distribution from the estate via a “Testamentary Trust”.
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