Articles - Estate Planning

Estate Planning covers everything associated with ensuring that your wishes are followed upon your death. It includes making a Will, Enduring Power of Attorney, and more.

Estate Planning Dion McCurdy and Liam Ellery Estate Planning Dion McCurdy and Liam Ellery

Estate planning for your children’s upbringing

Parents don’t often like to think about leaving their children behind while they are still minors. Aside from the tragedy itself, it can lead to a scary and uncertain future. However, some peace of mind can be found in appointing a trusted family member or friend to care for your minor children in the case that you are no longer around to do so.

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Estate Planning Liam Ellery Estate Planning Liam Ellery

How do I know if I need to update my Will?

A Will is a legal document that sets out how an individual's assets will be distributed upon their death. It is an important document that should be reviewed and updated regularly to ensure that it accurately reflects an individual's current wishes and circumstances. If you have a Will, it is important to understand the reasons why you may need to update it.

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Estate Planning Dion McCurdy and Liam Ellery Estate Planning Dion McCurdy and Liam Ellery

What assets are covered by your Will?

Unfortunately, many people assume that a Will is enough to cover all assets. There are certain types of assets that require consideration outside of the Will.

When we consider the types of things that are covered by your Will, we are asking: What flows into my estate? The following are assets that will not pass to a person’s estate when they die.

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Planning for your Pets

We love our pets. They make up an important part of our households, and are part of the family! Despite this, our clients don’t often turn their minds to their pets when formulating their Estate Plan.

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Estate Planning Dion McCurdy and Liam Ellery Estate Planning Dion McCurdy and Liam Ellery

Joint Tenants vs Tenants in Common and their Effects on your Estate Plan

Your home will always be an important part of your Estate Plan. For many Australians, their home will be the single most important part of their Estate Plan. But do you know whether you own your home as a “Joint Tenant” or a “Tenant in Common”? It’s a question that few property owners have the answer to, yet it can have massive implications on Estate Planning.

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Estate Planning Dion McCurdy and Liam Ellery Estate Planning Dion McCurdy and Liam Ellery

Bitcoin, Facebook and Your Estate Plan - Where does it all fit?

By now, it’s a trite point - the world has gone digital. The wealth of information stored online grows by the second, and now, practically every person has left behind some digital footprint, especially when it comes to social media. Further, the rise of various Cryptocurrencies (“crypto”) has presented an unprecedented level of risk when it comes to digital estate planning. We all need to begin considering what digital impression we will leave behind when they die.

This article will outline two of the most significant components of digital Estate Planning that we come across, Social Media and Crypto, and present some options to prompt some initial considerations of risk and planning.

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Estate Planning Liam Ellery Estate Planning Liam Ellery

The Risks of the Public Trustee as an Estate Planner and Administrator

The Public Trustee (“PT”) of Queensland is a body that seemingly offers prospective Will-makers an Estate Plan, often free of cost and stress. But for those who employ the PT to write their Will and act as Executor, is this the reality? As more Australians recount their damning experiences with the PT, it becomes more apparent that the answer to such a question is no.

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Estate Planning Dion McCurdy and Liam Ellery Estate Planning Dion McCurdy and Liam Ellery

The DIY Will: Cheap Now, Expensive Later

Those in the Estate Planning space are often confronted with the question: “Why shouldn’t I do my Will myself?” It is a fair question, especially considering that DIY Will websites or DIY Will kits seem to make the whole process look easy. DIY Wills are almost always the cheaper option. However, just because something is easy does not mean it is quality, and cost savings in the short term may lead to more expensive outcomes.

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