Testamentary Discretionary Trusts are a very useful and beneficial tool that can be provided for your family in your Will. But it is important that your family is aware of those benefits and does not immediately fear that using the Trust will be too complex or difficult.
If you have assets in a family or discretionary trust or you’re looking to create a family or discretionary trust, then the way the trust would be dealt with under your Will or estate should be considered.
Depending on the size of the estate, the duties of an executor can range from relatively straightforward through to somewhat complex. This leads us to the question, “does an executor get paid for administering a deceased estate?”
Vaccinations, in general, have historically been an area of dispute between parents for years and the COVID-19 vaccine is no different. So, what happens when the parents cannot agree whether a child should be vaccinated or not?
When purchasing property in NSW, it's important to take steps before exchanging contracts, including if purchasing at auction or where no cooling off period applies, to ensure you know the property and how you are going to purchase it.