Posts | Category: Estate Planning

Perpetual Succession a Matter of Trust

Posted 03-03-2021

Trusts, including family trusts and unit trusts, are useful mechanisms to provide asset protection both throughout life and in estate planning, and also allow greater flexibility in tax planning. However, as RMB Lawyers Wills & Estates & Disputed Wills Division explains, it pays to understand the nature of perpetual succession:

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Special Disability Trusts Provide Peace of Mind

Posted 03-03-2021

Caring for a child with a disability is an incredibly challenging for parents who continue to provide ongoing care for their child into adulthood. RMB Estate Planning lawyer Division explains the value of Special Disability Trusts:

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How a Recording can be Classified as a Valid Will

Posted 23-07-2020

A voice recording on an iPhone can be classed as a Will under certain circumstances, our Wills & Estates Division explains.

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Appointing an Enduring Guardian - A Wise Insurance

Posted 26-05-2020

When it comes to making a decision about appointing an Enduring Guardian to look after you when you lose capacity either through old age or ill health (or both), the clear message is: don’t leave it until it is too late.

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Making a Claim on the Estate of Parent you have never met

Posted 24-02-2020

Even if you have never met your biological parent, you may still be able to make a claim on their estate. The RMB Lawyers Estate Planning division explains.

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Estate Tax Implication

Posted 19-12-2019

The RMB Wills and Estate division explains the tax implications for executors of estates, who may be under pressure to finalise distributions to beneficiaries:

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Executors of Wills often wise to take their time

Posted 21-11-2019

If you have been appointed executor of a Will of a loved one who has passed away, the RMB Wills and Estates division has some important advice:

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For your Family's Sake Don't Die Without a Will

Posted 23-09-2019

Making sure you have a valid and up-to-date Will doesn’t only ensure your estate is distributed according to your wishes when you die. As the RMB Wills and Estates division writes, it is also a service to your loved ones.

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Binding Death Nomination a Super Idea

Posted 30-08-2018

You should consider a binding death benefit nomination if you have a self-managed superannuation fund, to ensure your assets are distributed as you wish after your death. The RMB Estate Planning division explains.

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Where There’s a Will, There’s a Way

Posted 26-04-2018

Being involved in the administration of an estate when a loved one passes can be a  daunting process, but knowing the terms and responsibilities is a good place to start. EMMA Perkins from RMB Lawyers explains: 

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Executor’s Role Has Many Responsibilities

Posted 20-04-2018

Being asked to become an executor of an Estate carries many responsibilities, the RMB Estate Planning explains.

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Bulletproofing your Will is Complicated

Posted 22-08-2017

Preparing a “bullet-proof” Will can be complicated, particularly if we do not wish to provide for a particular person.

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Wills Vital When Couples Separate

Posted 13-04-2017

Everyone should have a current will, but it can be particularly important for people going through divorce or separation.

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Testamentary Trust Wills Work Well

Posted 16-03-2017

Testamentary Trust Wills allow your estate to be administered in a tax effective manner for your beneficiaries. Ssuch Wills can also protect inheritances from creditors or relationship breakdowns.

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Special Disability Trust

Posted 02-09-2016

A Special Disability Trust is a trust established either by Deed or by Will.  For the purposes of this information we are discussing a Special Disability Trust established by a Will. It is a trust established for the benefit of one person whom suffers from an impairment or a disability.  In general terms the trust is designed to provide a source of income whilst not adversely affecting an individual's entitlements to a disability pension.

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Why are Binding Death Benefit Nominations so difficult? Some common sense tips

Posted 09-09-2015

Some common sense tips on Why are Binding Death Benefit Nominations so difficult?

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Enduring Guardians Play Important Role

Posted 02-08-2015

In this second of a two-part series on Power of Attorney, we consider the issues of Enduring Power of Attorney and Enduring Guardianship.

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Preparing for the Inevitable

Posted 02-08-2015

The importance of Wills and Powers of Attorney.

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Property Trap in Power of Attorney

Posted 20-03-2015

A solution to a problem that can arise with Power of Attorney property sales.

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Avoiding Problems with Granny Flats

Posted 04-12-2014

Families considering the "granny flat" option for aged care should draw up an agreement so that everyone is clear about their obligations and to cover a variety of possible circumstances.

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Have You Been Left Out of a Will?

Posted 10-11-2014

Issues involved with challenging a Will.

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Trusts For People Living With Disability

Posted 10-11-2014

Sspecial trusts designed to provide for people with disabilities after their parents have died.

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Access to Digital Assets is Essential

Posted 10-11-2014

Access to digital assets that is creating problems for executors of Wills and lawyers finalising deceased estates.

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Ongoing Debate About Voluntary Euthanasia

Posted 10-11-2014

Issues surrounding voluntary euthanasia.

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Everyone Needs to Have a Will

Posted 10-11-2014

The dangers of not having a Will – even if you are young.

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