Will You Save Money by Writing Your Own Will?
Even the simplest of wills is important because it contains your wishes for your estate. Here, Ballantyne Law Group’s estate planning team explains why engaging a solicitor to prepare and administer your will is still a wise investment, despite cheaper options available today.
Three things you need to know about binding nominations
When it comes to the distribution of superannuation benefits after your death, a binding nomination is one of the best options – as long as proper measures are in place. Ballantyne Law Group’s Gold Coast estate planning lawyers can help you with this important process.
5 Common Questions When Considering Estate Planning In Australia
At Ballantyne Law Group on the Gold Coast, our will and estate planning lawyers are qualified specialists in these serious and sensitive legal processes. Where possible, we provide fixed professional fees for this work. When that is not possible – generally in more complex cases – we still provide cost-effective, transparent and time-costed services, with no surprise charges for photocopying, petties, postage and sundries. Read our latest blogs on 5 Common Questions When Considering Estate Planning In Australia .
3 Frequently Asked Questions On Taking Ownership Of A Business
Starting a business with friends is exciting, but don’t let complacency override sound business practice. Talk to Ballantyne Law Group about the value of shareholder agreements.
What happens if I die without a will?
In 2018 an Australian research organisation conducted a survey that found more than half of Australian adults – almost 10 million people – don’t have a will.
While Queensland was the state with best take up, the survey found only 50% of adults here have made a will.
The survey did not address how many of the people who have wills may have wills that are incomplete or ineffective.
Most of us are aware that we should have an appropriate will in place to deal with out estate after we die, but for a variety of reasons – most commonly that they simply haven’t got around to it yet – people are often reluctant to undertake this important process.
It is important to understand what happens if someone dies without a will, and why it important that if you make a will, it is prepared correctly and effectively.
How did COVID-19 affect estate planning?
As the global pandemic continues to impact our lives, economy and health system, it is more important than ever to have an estate plan in place. At Ballantyne Law Group, our estate planning team can help you create an estate plan or review and amend an existing one.
Frequently Asked Questions – Testamentary Trusts
Commonly referred to as just ‘testamentary trusts’, wills incorporating one or more testamentary discretionary trust are an increasingly common feature of effective estate plans. Testamentary trusts offer similar advantages to family discretionary trusts for the beneficiaries of an estate. Essentially, they allow flexibility in the ownership and control of assets.
