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Testamentary Trust: Why you should consider one
A testamentary trust offers a number of benefits including protecting assets from creditors, protecting vulnerable beneficiaries and potential income tax savings. A testamentary trust is like a family...
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Power of attorney and advance health directives
While hopefully we’ll never need them, an enduring power of attorney and advance health directive are vitally important estate planning documents. Why leave yourself and your family unprotected? So...
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I’ve been named as executor – what now?
You’ve just received a call from a solicitor telling you that you’ve been named as the executor in someone’s will. Hopefully you already knew this but that’s not always the case. What do you do? First...
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What happens if I die without a will?
If you die without a will you are said to have died intestate. This means that, instead of getting to choose who looks after your affairs and inherits your property and possessions, these matters will...
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Estate Planning – Why is it so Important?
You’ve heard of a will and maybe a power of attorney but what exactly is estate planning and why is it so important? The answer often varies but at Generations Law we see estate planning as the...
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Do I Really Need Probate?
You’ve been named as an executor in a loved one’s will. It’s an emotional time. You’ve arranged a funeral and said your goodbyes. You set about finalising your loved one’s affairs only to be told you...
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Deceased Estates and the Tax Office
Finalising the tax affairs of a Deceased Estate is an area that we all too often see overlooked by executors and administrators. There are a number of obligations that executors and administrators...
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