Want to learn more about testamentary trusts? In our blog below, KLD Legal will explain what they are, how they work, and why they might be a valuable tool for your estate planning.
Category: Wills & Estates
Why Sole Company Directors or Shareholders Should Have a Will
When a person, unfortunately, passes away without making a will, this can cause unintended consequences for Sole Company Directors or Shareholders that they perhaps hadn’t contemplated. Below, we discuss the issues that are caused by not making a will.
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The Consequences of Not Having a Valid Will in Western Australia
Having a valid will is an essential part of planning for your and your family’s future. A will is a legal document that outlines how you want your assets to be distributed after your death. Failing to write a legally defined and valid will, will result in the distribution of your assets being governed by the laws of intestacy in WA.
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Should You Get Family Loans and Loans to Friends in Writing?
With interest rates rising and the cost of living being driven up, more and more Australians are considering taking loans from family members or friends in an attempt to skip the increased expenses of the banks. Continue reading “Should You Get Family Loans and Loans to Friends in Writing?”
What To Do When a Family Member Contests a Will
Will’s are intended to be clear instructions as to how assets are divided after a death occurs. There are many different ways assets can be shared amongst remaining loved ones and this is decided by the deceased if they have made a Will. If the deceased has not made a Will, their assets are divided according to legislation.
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