Executor-beneficiary conflict of interest is a serious issue and one of the main reasons Executors may end up in Court. ALLEN DUGGAN from RMB Lawyers explains: Executors of a Will have a duty to act in the best interests of the beneficiaries of that Will. Executors are not entitled to benefit from the Will aside …
Recent legislative changes in NSW mean that existing Appointment of Enduring Guardianship documents may need updating: RMB’s EDEN-MONIQUE HULL explains: An Appointment of Enduring Guardian is a document that you put in place to appoint someone (known as a Guardian) to make important health and lifestyle decisions on your behalf in the event you are …
Despite what you may see on American law and order television shows, in NSW and other Australian jurisdictions you cannot kill a person and then inherit from their estate. As RMB Lawyers Wills and Estates Lawyer EDEN-MONIQUE HULL EXPLAINS, this is known as the “forfeiture rule”. Under the Forfeiture Act 1995, the NSW Government defines …
Drafting a Will can present a variety of challenges, especially if the person making the Will (the testator) is part of a blended family. RMB Estate Planning Lawyer EDEN-MONIQUE HULL explains: In Australia, the “blended family scenario” is something that is becoming more common. Drafting a Will for a testator from a blended family requires …
Such a trust is created by a will. It takes effect when the trust creator (the settler) dies. Other trusts, such as discretionary or unit trusts, are created by a deed and come into effect as soon as the settler executes the deed and settles property upon the trust. In all cases the settler must …
Is There any Advantage in Creating a Testamentary Trust? Read More »
