Tag Archives | Elder Law

The Real Costs of Retirement Village Living

Recent media reports have highlighted rorts in the Retirement Village industry. Whilst not all operators are as rapacious as the operator mentioned, retirement villages provide an undeniably expensive accommodation option. As ageing baby boomers start looking for more comfortable retirement options, demand for resort style and more traditional retirement villages has increased dramatically. Competition for […]

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Will Challenges

Have you left someone out of your Will, or left them less than they expect? Can they challenge your Will? As a rule of thumb, if they are your spouse (or former spouse), child or other dependent, or were named in your previous Will, then quite likely yes. Succession laws around Australia provide certain classes […]

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Testamentary Trusts

What is a testamentary trust and why would you have one in your Will? There is a fair chance you already have one! It is a trust provided for in your Will, where someone looks after assets for someone else. Where children or grandchildren are possible beneficiaries and they have not turned 18, trustees are […]

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Super Mistakes

For many Australians, their most valuable asset other than their family home is their superannuation. However,  superannuation is not an asset you can leave to anyone under your Will. Your superannuation is held in trust for you in a superannuation fund, by the trustees of the fund. The rules of that fund determine what happens […]

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Advance Care Planning

You may have heard of a “Living Will” and wondered what that means. In the United States, a “Living Will” is often prepared when Wills are being prepared. In Australia, we call the equivalent an Advance Care Plan. This involves making a plan about what you want to happen in the future about your personal […]

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