How do I Contest a Family Provision Claim?
Posted by PW Lawyers
on 13 August 2024
)
An eligible person can make a claim for a share of a deceased estate through a family provision claim. A family provision claim is made under Section 59 of the Succession Act 2006 (NSW) and must be made within 12 months of the deceased’s death, unless otherwise allowed for by the court...
Posted in:Estate PlanningFamily Provision Claim |
What is Notional Estate?
Posted by PW Lawyers
on 13 August 2024
)
The term "notional estate" refers to assets that do not form part of your estate at the time of your death but can be included in your estate for the purposes of family provision claims.
In NSW, the concept of notional estate is governed by the Succession Act 2006 (NSW). Notional ...
Posted in:Estate PlanningNotional Estate |
What is a Beneficiary?
Posted by PW Lawyers
on 1 August 2024
)
A beneficiary is a person or entity who is nominated by the testator to inherit a share of their estate or a specific item in their estate (such as a property, cash legacy or pieces of jewellery) under their Will (as a specific gift). Beneficiaries can either be individuals such as family members...
Posted in:Estate PlanningLegal ServicesWills |
What are the Requirements for Witnessing a Will in New South Wales?
Posted by PW Lawyers
on 1 August 2024
)
In New South Wales, the requirements for witnessing a Will are outlined in the Succession Act 2006 (NSW). The key points are contained in Sections 6, 9 and 10 of the Succession Act which are the following:
1. Number of Witnesses: A Will must be witnessed by at least two adult indi...
Posted in:Estate PlanningLegal ServicesWills |
What is a Will?
Posted by PW Lawyers
on 1 August 2024
)
A Will is a legal document used by the willmaker (also known as the testator or testatrix) to make a declaration on the intentions of their wishes upon their death.
The key characteristics of a Will include:
Revocability: A Will may be revoked by the testator at any time until their death, pr...
Posted in:Estate PlanningLegal ServicesWills |