What do lawyers mean when they talk about a “gift over” in a Will?
Posted by PW Lawyers
on 3 December 2024
)
A gift over is a term often used by lawyers when referring to what happens to a testator or Will makers gifts if the testator’s primary beneficiaries will not receive their gift. It is a clause within a Will or trust that provides for the distribution of a gift to an alternative beneficiary...
| Posted in:Estate PlanningWills |
What is a testator?
Posted by PW Lawyers
on 19 November 2024
)
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 |
What are the Benefits of a Testamentary Trust?
Posted by PW Lawyers
on 14 November 2024
)
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 |
Is there a time limit on family provision claims?
Posted by PW Lawyers
on 12 November 2024
)
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 |
What is the difference between challenging and contesting a will?
Posted by PW Lawyers
on 12 November 2024
)
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 |
