Who pays a deceased estate’s fees and expenses?
The deceased’s estate pays funeral expenses, legal and accounting fees, any outstanding debts, and any accounts that become due, such … Read more
Wills and Deceased Estates
Estate planning and foreign beneficiaries
A beneficiary named in an Australian Will classed as ‘foreign person’ must apply to the Foreign Investment Review Board (FIRB) … Read more
Does your intended executor live overseas?
Selecting a suitable executor is an integral aspect of estate planning. Your executor deals with everything from applying for a … Read more
Death and Taxes: when is a tax return required for a deceased estate?
If you’re unsure whether and when you should lodge tax returns on behalf of a deceased person and their estate, … Read more
Spelling errors and typos in Wills (NSW)
Despite a will-maker’s (called a testator) best efforts to ensure that their Will is accurate and correct, a Will (particularly … Read more
Whose Will applies if both partners die at the same time?
If the unthinkable happened and both partners were to die at the same time (say in a plane or car … Read more
Renouncing an inheritance
It may surprise you that sometimes a beneficiary wants to reject a gift made to them in a Will. However, … Read more
Can a Solicitor be an Executor?
An executor is appointed in a Will to administer the deceased estate. A Will-maker (called a testator) can choose their … Read more
What is a Testamentary Discretionary Trust?
A Testamentary Discretionary Trust is a discretionary trust set up within a Will. ‘Discretionary’ means that the person or entity … Read more
Superannuation Death Benefit (NSW)
A superannuation death benefit is a payment to a dependent beneficiary or to the trustee of a deceased estate. The … Read more
