This week’s column highlights how to avoid dangers relating to loans to children. Sue and David are really excited by the news that their daughter Joanne is getting married to James and the wedding will be in six months time. […]
This week’s column highlights the importance of dog owners obtaining household contents insurance. Bert and Agnes purchase a new home in Coffs Harbour. They take out home building and contents insurance and move into their new home with their much loved dog Rover. […]
Tony is in his early 60s. When he was five years of age, his mother left his biological father and commenced a relationship with Tony’s stepfather. Tony did not have a continuing relationship with his biological father and was part of his mother and step-father’s family unit until he left home at the age of 18. Tony’s stepfather has three other children who also lived with them. […]
Jane is in a relationship with Tony, although they are not married. She has three children from a previous relationship and one of them is a Registered Nurse. Jane has recently been diagnosed with breast cancer and will soon commence chemotherapy. Jane wants Tony to be the person to make medical decisions on her behalf if there are any complications. She is worried that because they are not legally married, her doctors will not consider Tony as her “next of kin”. […]
Jack and Jill are in their mid-60s. They have three children and modest assets consisting of their jointly owned home, some superannuation and a small amount in separate fixed term deposits. Jack and Jill want to ensure that when one of them dies, should the survivor lack the capacity to manage their finances, that an appropriate person is appointed to fulfil this role. […]
Peter and Jane have modest assets with a large proportion consisting of the balance of their superannuation funds. They have recently updated their wills and wish to ensure that their super is properly addressed. Their super does not form part of their estate and cannot automatically be dealt with under the terms of their wills. In order to ensure that their super ultimately goes to their intended recipients, Peter and Jane must execute a binding death benefit nomination in addition to executing their wills. […]
Jack and Jill currently live in Sydney. They have adult children and grandkids living in Coffs Harbour. They are looking to move to the mid north coast to be closer to their family and to enjoy one of the best climates in the world. Jack and Jill have found a block of land in the Coffs Harbour area. The block is part of a subdivision although the plan of subdivision is yet to be registered. They are able to exchange contracts, securing the block, with settlement to occur 14 days after the plan is registered. […]
This week’s column highlights the effect of marriage on your will. Jack and Jill each have two adult children to previous relationships. After seeing each other for a year, Jill moves into Jack’s home and they decide to make new wills. Both wills leave “everything to my spouse” and then alternatively state: “If my spouse predeceases me, I give the whole of my estate to the four children…(who are named)”. Jack and Jill get married one year later. They are happy with their wills and see no need for them to be updated. […]
This week’s column highlights the importance of understanding whether your assets can be dealt with under your Will. Jack and Jill, in their early 60’s, have been in a de facto relationship for a few years. They each have two children to a previous relationship. They discuss their Wills and agree that their children are to be the primary beneficiaries of each other’s estates. […]
With Melbourne Cup in full swing today it's great time to start thinking about