Estate Administration - What Does the Executor do After Probate has been Granted?Posted byon 22 November 2017
Once Probate has been granted, the Executor must collect the deceased's assets and take steps to pay any debts or taxes – including income tax – deceased owed.
Estate Administration - Applying for ProbatePosted byon 15 November 2017
In general terms, an Executor's duty is to take care of the deceased's assets and property, see that debts and taxes are paid and finally, to distribute the assets to the beneficiaries of the Will.
Estate Administration - People & Organisations for your Executor to ContactPosted byon 08 November 2017
There are many people and/or organisations that the Executor may need to contact to advise of the deceased's death. The following list has been provided to assist your Executor.
Estate Administration - What Happens When I Die?Posted byon 01 November 2017
When someone dies at home, a doctor should be called to pronounce the person dead and to issue a Medical Certificate as to cause of death.
Estate Planning Essentials - Superannuation Binding NominationsPosted byon 25 October 2017
Unless you execute a Binding Death Benefit Nomination every 3 years, the trustees of your superannuation fund may be able to elect who to pay your death benefit to, based on who is dependent upon you.
Estate Planning Essentials - Enduring Guardianship & Living WillsPosted byon 18 October 2017
An Enduring Guardianship is similar to a Power of Attorney but it relates specifically to the power to make decisions regarding where you live, who cares for you and other physical and health related issues.
Estate Planning Essentials - Power of AttorneyPosted byon 11 October 2017
A Power of Attorney is a formal appointment by which a person (called the Principal) gives the right and authority to another person (the Attorney) to act on behalf of the Principal in relation to his/her financial matters.
Estate Planning Essentials - Joint wills, mutual wills, contracts to make a will – what are they and should I use one?Posted byon 04 October 2017
Although joint Wills and mutual Wills are commonly used as interchangeable expressions, the manner in which each document is drafted and the effect of each document differs significantly.
Estate Planning Essentials - Your WillPosted byon 27 September 2017
Getting Estate Planning right not only helps put your mind at ease now but will also help you and your family during times of turmoil and emotional upheaval.
Relationships With Your Debtors - Practical Tips To Avoid Bad DebtsPosted byon 13 September 2017
In this week's blog we share some practical tips to help you to avoid bad debts.