Are Your Affairs In Order? Have you updated your superannuation fund? Case Study 3

A common oversight in Estate Planning is the failure to nominate, or failure to update, a beneficiary or beneficiaries to your superannuation fund or any life insurance policies. Arrangements that are otherwise very sound can be brought undone by simple oversights. Many people do not realise that their Will usually cannot allocate their superannu...

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Date posted: 2018-07-04 | Comments(0)

Are Your Affairs In Order? The Importance of Specific Gifts in Wills and Communication with Beneficiaries - Case Study 4

In the Case Study below if the man had properly communicated with his son about what to expect on his passing it is more likely the stamp collection would have been saved. Gifting the stamp collection as a specific gift would have brought the asset to the son’s attention, but communication is the key underlying message in this Case Study....

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Date posted: 2018-07-04 | Comments(0)

New National Minimum Wage from 1 July 2018:

Fair Work Commission Decides on a 3.5% Increase in Annual Wage ReviewThe Fair Work Commission’s Annual Wage Review on 1 June 2018 determined that employees paid the National Minimum Wage will see an increase of $24.30 per week or 3.5% in...

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Date posted: 2018-06-20 | Comments(0)

Are Your Affairs In Order? What Happens If You Die and Don't Have a Will? Case Study 2

This article contains the second case study in our Estate Planning series, which highlights the consequences of neglecting your Estate Planning and what you can do about it. Avoid undesirables benefiting from your estate at the expense of your loved ones Lodin v Lodin [2017] NSWSC 10...

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Date posted: 2018-05-22 | Comments(0)

Are Your Affairs In Order? What Happens If You Die and Don’t Have a Will?

Having a Will is important. Why? To ensure your wishes are carried out and that your loved ones are looked after when you pass. If you die without a Will, your estate will be distributed in accordance with the rules provided by the Succession Act 2006 (NSW).Those rules may be inconsistent with what you want. Further, in the abs...

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Date posted: 2018-05-16 | Comments(0)

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