How you wish your child to be raised after your passing can be detailed in a ‘Statement of Wishes’ that accompanies your will.
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 number of our clients have recently received a letter from the ATO asking them about the soundness of their investment strategy.
Many people are unaware that if and when they die, the superannuation amount they leave behind is not treated as part of their overall estate.
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.