What is a testator?

Posted by PW Lawyers on 19 November 2024
What is a testator?
A testator is the legal term for a person who has made a legally valid Will or testament. They are often referred to as the Will maker. Historically a male was referred to as a testator and a female was referred to as a testatrix. Whilst these terms are still correct, the term testator is now use...
Posted in:Estate PlanningWills  

Understanding the Statutory Legacy for a surviving spouse under the Succession Act 2006 (NSW)

Posted by PW Lawyers on 19 November 2024
Understanding the Statutory Legacy for a surviving spouse under the Succession Act 2006 (NSW)
In cases where someone passes away without leaving a will, also known as dying intestate, in NSW the surviving spouse is entitled to what is referred to as a spousal legacy or more commonly known as the statutory legacy. This legacy is calculated and adjusted to reflect the cost of living over ti...
Posted in:Legal PracticeStatutory Legacy  

What are the Benefits of a Testamentary Trust?

Posted by PW Lawyers on 14 November 2024
What are the Benefits of a Testamentary Trust?
A testamentary trust is a trust established by a Will that comes into effect upon the death of the testator. It offers several benefits, making it a popular choice for estate planning. Here are some of the key advantages: 1. Asset Protection   Protection from creditors: Assets held in a ...
Posted in:Legal ServicesTestamentary Trust  

What is the difference between challenging and contesting a will?

Posted by PW Lawyers on 12 November 2024
What is the difference between challenging and contesting a will?
In the context of wills and estates in New South Wales, the terms "challenging" and "contesting" can be somewhat vague or indistinguishable terms. However, they can be used describe different legal actions, each with distinct purposes and grounds. Challenging a Will Challeng...
Posted in:Legal ServicesWillsFamily Provision Claim  

Is there a time limit on family provision claims?

Posted by PW Lawyers on 12 November 2024
Is there a time limit on family provision claims?
In New South Wales, family provision claims are a legal mechanism for individuals who believe they have not been adequately provided for in a deceased person's Will or Estate. These claims are governed by the Succession Act 2006 (NSW), which sets out specific timeframes and con...
Posted in:Legal ServicesFamily Provision Claim  
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