What is a Deceased Estate? Assets, Debts, and Responsibilities
What is a Deceased Estate? Assets, Debts, and Responsibilities Key Takeaways: What is a Deceased Estate?: A deceased estate is all the assets and debts a person leaves on death, including real estate, bank accounts, vehicles, shares, and liabilities. What Isn’t Part of a Deceased Estate? Superannuation death benefits are excluded unless they’re paid into […]
How to get Early Access to your Inheritance?
How to get Early Access to your Inheritance? Key Takeaways: What is Early Inheritance?: Early inheritance lets a beneficiary receive part of an estate early to help with immediate financial needs. How long does it take to get an inheritance in Australia?: Probate is usually lengthy, making early inheritance better for immediate support. Why do […]
How Much Does It Cost to Administer a Deceased Estate in Australia?
How Much Does It Cost to Administer a Deceased Estate in Australia? Key Takeaways: Cost of Administering a Deceased Estate: Administration costs are typically covered by the estate itself. What Goes into the Cost?: Legal expense costs include solicitor fees for obtaining a grant of probate and for ongoing estate administration. Solicitors may charge fixed […]
How Inheritance Is Taxed in Australia: A Simple Guide for Families and Executors
How Inheritance Is Taxed in Australia: A Simple Guide for Families and Executors Key takeaways No Direct Inheritance Tax: Inheritance tax was taken away in Australia in 1979. So, you won’t have to pay a government levy on the inheritance value itself. Tax Liabilities on Assets: There’s no inheritance tax in Australia, but you may […]
What is Coercive Control?
What is Coercive Control? Key takeaways What is Coercive Control? Coercive control is a form of domestic abuse where one partner continually isolates, hurts, or scares another to maintain control. How Do I Recognise Coercive Control? – Signs may initially seem like normal behaviours, but their persistence or severity is what makes them coercive. Controlling […]
What is Sole Parental Responsibility, and when is it Granted?
What is Sole Parental Responsibility, and when is it Granted? Key takeaways What is Sole Parental Responsibility? – Sole parental responsibility refers to one parent having complete responsibility for a child’s major long-term decisions until the child turns 18. Family Law Act Amendments – The Family Law Amendment Act 2023 changes how the Court assesses […]
Parental Matters During a Divorce
Parental Matters During a Divorce Key takeaways Who has parental responsibility? – Both parents generally hold parental responsibility for their child, regardless of their relationship status. How much time will a parent get with a child? – There are no specific laws determining how much time a child spends with each parent post-separation. What are […]
Spousal Maintenance: Everything You Need to Know
Spousal Maintenance: Everything You Need to Know Key takeaways What is spousal maintenance? – Financial support is provided by one spouse to another after divorce or separation, considering income, needs, and capacity to pay. When will I receive or pay maintenance? – Both former partners may have a duty to support one another if the […]
How Many Marriages End in Divorce?
How Many Marriages End in Divorce? Key takeaways Current Divorce Rates in Australia – With 48,700 divorces granted in 2023, the divorce rate is low Marital Status and Legal Rights in Divorce – Your legal rights differ depending on whether you are in a de facto relationship or are married Reasons People Get Divorced – […]
How to Protect Your Superannuation in a Divorce
How to Protect Your Superannuation in a Divorce Key takeaways Understanding Superannuation in Divorce – Superannuation is considered an asset in divorce proceedings Keep Records of Contributions – Maintain comprehensive records of your contributions Consider a Financial Agreement – Consider drafting a Financial Agreement with legal assistance Engage a Family Lawyer – Divorce rates are […]
