As our lives increasingly move to “online digital platforms”, it is becoming more important to help your executor access your “digital assets” after you die. Digital assets include social media accounts, shopping accounts, bank or investment account details, entertainment collections, gambling accounts, and the like. Read more
In 2014 a man took out life insurance. He named his de facto partner as the beneficiary of the policy. In his application he had claimed to be a healthy individual who did not take drugs, and who lead a healthy lifestyle. The policy was for $2,625,000.00. Read more
In 2018 a man died without a will. He had three children. He had separated from his wife eight years prior to his death. Despite separating, the two were not divorced. Not long after the man’s death, his family was shocked to find that their father had a secret lover who they had never met or heard of. She made a claim on their father’s estate. Read more
If you have a discretionary trust that holds (or may one day hold) real estate, then you need to be aware of a recent change in the law. Read more
In a recent case a father had two sons and no other family. The father made a will naming the older son as his executor. The will said that the estate was to be divided equally between the two sons. Read more
As digital assets continue to rise in popularity, the amount of people holding digital assets and dying without either telling others of the assets, or not providing enough information in order to access the assets, is dramatically on the rise Read more
A father had six daughters. He made a will dividing his estate equally between the six of them. In 2013 he changed his will to give $40,000.00 to each of five of the daughters, and the rest of his $3,000,000.00 estate to his remaining daughter. Read more
Leaving evidence and explaining reasoning through documents such as statutory declarations can be of great assistance to your executor in seeing your final wishes are carried out! Read more
Most young people have probably never thought of making a will but they may have underestimated their net worth! Read more
A Power of Attorney is used to allow someone else to be able to sign documents and make decisions on your behalf. This case is a good example that if your power of attorney is misused there can be legal consequences. Read more