Categories
Will
What happens to your superannuation when you die?
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.
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Who inherits your super?
There are only certain people who can inherit your super when you die. There are also two different types of nominations you can make. Here’s what you need to know before making your super beneficiary nomination.
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Who Can See Your Will After Death?
There is a broad class of people entitled to see a will once someone has died. The first step is to determine if someone fits within that group.
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Have You Included Your Pets In Your Will?
Most people consider their pets to be a part of the family. In this case, a pet should be treated like so when you pass away. But, most Australians forget to include those with furry, hairy, feathered or scaled appearance in their will.
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DIY Will Kits And Their Dangers
Making your own will may sound like a good idea in theory, but the reality is that it might not count for anything in the end. Here are the most common issues associated with home-made will kits.
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Same Sex Marriage - Have You Updated Your Will?
How quickly things can change when we are busy living our lives! Hence it has prompted me to elaborate on some important changes of a little more significance regarding same sex marriage.
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Asset Ownership - it pays to get it right!
When we buy property or other assets we generally give little or no thought to the legal ownership of that asset. Often we are swept away “in the moment” and don’t consider the various options or legal implications that may arise in the future. No thinks to ask the question, have I purchased in the correct legal structure? Is there a better way?
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Death and small business CGT concessions
When a person dies, their assets are transferred to their legal personal representative (LPR) or are acquired by a surviving joint tenant, where the deceased owned those assets as joint tenants with another person. As there is a change of ownership a capital gains tax (CGT) event arises.
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