A Testamentary Trust is essentially a trust that comes into effect upon the death of the testator (will-maker) and can be a useful estate planning arrangement in situations where extra flexibility is needed when the estate is disbursed to beneficiaries, such as circumstances where the beneficiaries are employed in high risk occupations (where their personal...
While we have reiterated the importance of having a current Will in many previous articles, (click here to read more), the importance of having a current Enduring Power of Attorney is just as important as having your Will in place. While a Will provides instructions for your executors in relation to the distribution of your...
A retirement village is often a daunting prospect as we all want our parents and loved ones to live forever, and for them to be able to stay in their family home until they pass away. While this does happen in many cases, unfortunately, the reality is that at some point we may have parents...
Its December again, and the team at Affinity Lawyers are ramping up and ready to assist our wonderful clients with their legal needs all throughout the upcoming Christmas/New Year break. Our Runaway Bay office will be open for your convenience throughout the Christmas/New Year break (except for public holidays) to assist you if required, so...
After reading last months article regarding estate planning (click here), you will now realise how important it is to have a Will and hopefully you’ve decided to get your Will done (well done!). Unfortunately, not all estate planning or Wills are created equally. Our Gold Coast team often see people trying to cut costs by...
Affinity Lawyers experienced Wills & Estate Lawyers have written many articles on the importance of having a current Will, however we are still finding many people don’t properly understand the pitfalls and ramifications that can occur if they were to die without a Will. What happens if I die without a Will? Essentially, if you...
