Family businesses are the backbone of Australia’s economy, contributing over 70% of the nation’s GDP and employing a significant portion of the workforce. However, their long-term success can be fragile, with only a fraction operated by the third...
A trust is a vehicle through which property is legally held by a trustee for the benefit of others. It separates the beneficial and legal ownership of property. The parties to a trust are the settlor (person creating the trust), the trustee (the legal owner of trust...
In Western Australia (WA), contesting a Will is a complex process involving nuanced laws. This article will answer some of the most common questions people may have when considering contesting a Will in WA. The information is general in nature only, and we recommend...
A valid Will determines how your estate is dealt with after you die. Your Will can appoint an appropriate family member, trusted friend or professional to administer your estate (your executor), nominate guardians for young children, determine who will receive your...
We should all plan for our future. Certainly, we should all have a current will, especially those of us who need to make special arrangements for the care of children or pets. Many of us would also benefit from making a formal arrangement to account for a time when we...
When someone dies, their assets are usually distributed according to their will. The person responsible for managing and distributing these assets is the “executor” of the deceased estate. In some cases, a will appoints more than one person to act as executor, and...
