A family estate battle often erupts when a surviving parent dies and the will is revealed. The will may include surprises or amendments that favour one child over another, or the will may cut out one child from their inheritance altogether. When the estate is worth millions of dollars, the stakes are higher.
Passing on the family farm to the next generation is often a complicated process, which is made worse by a lack of preparedness, festering family resentments and an unwillingness to talk about it.
It’s common to think that estate planning is all about the will, but a good plan will incorporate a number of estate planning documents. Along with the will, it should also include a power of attorney and an advance health directive.
Upon waking this morning to hear the news of a lucky Queensland person scooping a $70million lotto win, we were reminded of a 2011 decision of the Court which concerned lotto winnings and highlighted the importance of making sure a Will is drafted and worded correctly. (more…)
The use of terminology such as “personal effects” or “personal possessions” is all too common in Will making. Unfortunately, these sorts of phrases can cause numerous problems when the time finally arrives for distribution of an estate, particularly where the distribution is to be effected amongst multiple beneficiaries. (more…)
In August 2015, Amelia Coman, Solicitor of our office, attended the Salvation Army’s “Wills Day” at their precinct located at the corner of Russell and West Streets, Toowoomba. (more…)