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Power of Attorney

As an attorney you have certain duties imposed on you by the operation of law that require you to act in the best interest of the person who appointed you. Under an enduring power of attorney, your appointment continues even if the principal (person who appointed you) has lost mental capacity.  For example, if they … Continue reading “Power of Attorney”

Wills

Wills prepared by a lawyer may include a testamentary trust that protects your assets and supports your vulnerable beneficiary. The short, simple wills do not have these solutions.  In my experience, the simple wills often leave your estate and beneficiaries exposed to predators and creditors. Here is a brief explanation so you understand the solution, … Continue reading “Wills”

Testamentary Trust solves Australian capital gains tax issue

Have you thought about the capital gains tax implications of your will?   Maybe not.  It is not something we ordinarily come across in our day or in conversation. However, capital gains tax should be an estate planning consideration. Your will should be drafted to protect your beneficiaries from paying this tax on inheriting assets you … Continue reading “Testamentary Trust solves Australian capital gains tax issue”

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