What happens if I die without a Will?

Posted by PW Lawyers on 30 July 2024
What happens if I die without a Will?
When a person dies without a Will it is known as dying intestate. If you die without a Will, the government decides how your estate will be divided under the rules of intestacy in the Succession Act NSW 2006. Like any legislation these rules can be changed by the State Government at any time. Hav...
Posted in:Estate PlanningWillsrules of intestacy  

What is Probate?

Posted by PW Lawyers on 25 July 2024
What is Probate?
Probate is a Court order that confirms the deceased's Will is valid and legally binding, which then allows the deceased’s assets to be distributed according to the terms of the Will. The court of Probate is the Supreme Court in each State and Territory. What does Probate involve? ...
Posted in:Legal ServicesProbate  

Why do I need to have a Will?

Posted by PW Lawyers on 12 July 2024
Why do I need to have a Will?
Do I really need a Will? Why should I go through all the effort of thinking through my assets and deciding who gets what? Surely my family will be my beneficiaries, and they will be fair in distributing my assets? These might be some of the questions going through your mind if you are considering...
Posted in:Estate PlanningLegal ServicesWills  

The Intestacy Rules

Posted on 12 July 2024
The Intestacy Rules
When a person in NSW dies without a valid Will they are referred to as dying intestate. The Succession Act 2006 (NSW) outlines the rules of intestacy, which determines how the estate of the deceased is distributed. This is based on the family relationships of the deceased. Where the deceased has...
Posted in:Estate PlanningLegal Servicesrules of intestacy  

How a Testamentary Trust Protects Your Children's Inheritance

Posted by PW Lawyers on 2 July 2024
How a Testamentary Trust Protects Your Children's Inheritance
A testamentary trust is a trust created by a valid Will and comes into existence after the Will-maker’s death. Instead of giving your assets directly, you appoint a trustee in your Will to manage and hold your assets for the benefit of your heirs, known as beneficiaries. Testamentary t...
Posted in:Estate PlanningLegal ServicesTestamentary Trust