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What Happens After Probate Is Granted?
What happens after probate is granted? In this article, we’ll take a closer look at the effects of probate in New South Wales, Australia. We’ll discuss the different steps involved in obtaining probate, the costs involved, and the impact that
Can a Power of Attorney Change a Will in Australia?
People often ask our Wills and estate lawyers the following question – can a power of attorney change a Will in Australia? The answer is no, a power of attorney cannot change a Will. To understand why the answer to “can a power of attorney change a Will
Inheritance Tax Australia
What is inheritance tax in Australia? Is it applicable in Australia like it is in most countries? Before we answer this question, let’s first define inheritance tax. Inheritance tax is a levy against the value of your estate. It is a tax imposed by most
How Are Australian Wills Made?
Making Australian Wills ensures that one can distribute their personal assets according to their wishes after their death. In New South Wales (NSW), there are specific requirements that parties must meet to make a legally valid Will. In this article, we will
What Does “Next of Kin” Mean?
The Australian law does not specifically define the term “next of kin.” However, we generally use the term to refer to a person’s closest living relatives. A relative can play an important role in family law matters, such as: In this
How to Set Up a Testamentary Trust NSW?
When it comes to estate planning, a testamentary trust NSW is a popular option for many people. A testamentary trust is a legal entity that manages the assets of a deceased person in accordance with instructions in the person’s Will. It is not just