Can You Be an Executor and Beneficiary: Comprehensive 6-Point Guide
Yes, you can be an executor and beneficiary of a will in Australia. In fact, it’s quite common for a person to take on both roles, especially in family situations. Being both means you’re not only responsible for administering the estate according to the will but you’re also entitled to receive a portion of the […]
How Does a Beneficiary Get Money from a Trust: Helpful 7-Point Guide
If you’re named as a beneficiary of a trust, you receive money through a distribution made by the trustee. The trustee decides when and how much money to distribute, based on the terms of the trust deed and relevant tax laws. In Australia, distributions can be in the form of cash, income, or other assets. […]
If Someone Contests a Will Who Pays: 4 Important Factors That Influence Who Pays
In Australia, the costs of contesting a will are usually paid from the deceased’s estate if the claim is considered reasonable and has merit. However, if the contest is unsuccessful or deemed unnecessary, the person contesting the will (the claimant) may be ordered to pay their own legal fees, and possibly the costs of the […]
How Long Can You Contest a Will: Helpful 5-Point Guide
In Australia, the time limit to contest a will varies depending on the state or territory. Generally, you have 6 to 12 months from the date of the grant of probate (or letters of administration) to make a family provision claim. However, the timeframe can differ based on where the deceased lived, and late applications […]
What to Write in a Will: 10 Important Steps
When writing a will in Australia, you should clearly outline who will receive your assets, name an executor to carry out your wishes, appoint guardians for any minor children, and include instructions for funeral arrangements if desired. Your will should also address any debts and specify how you’d like personal items—such as jewellery, heirlooms, or […]
Does a Spouse Automatically Inherit Everything Australia: 6-Point Comprehensive Guide
No, a spouse does not automatically inherit everything in Australia if you pass away without a valid will. While spouses are often given priority in inheritance laws, the outcome depends on factors such as whether you have children, stepchildren, or other surviving family members. Understanding how these laws apply can help you plan your estate […]