Can you make a will after you lose capacity to make decisions for yourself? Spoiler – NO! Get your will sorted, there is no reason to put it off. Hi. I’m Tara Lucke. And I have another one-minute estate planning tip for you. I often get asked can you make a will after you’ve lost […]
It’s one of the key decisions you have to make when you buy property with another person (e.g. your spouse) – to hold as joint tenants versus tenants in common – but many people don’t really know the difference! The decision to hold a property as joint tenants versus tenants in common can have a […]
BDBN versus reversionary pension – ever wondered which takes priority between a binding death benefit nomination and a reversionary pension? Not sure when to make a binding death benefit nomination? Check out my post https://www.taralucke.com.au/to-bdbn-or-not-to-bdbn-that-is-the-question/ If you’re looking for a comprehensive decision tree about when to use a binding death benefit nomination, check out my Estate […]
Are you thinking about transferring assets with the aim of improving asset protection? Don’t forget about the Bankruptcy Act clawback periods which can permit the trustee in bankruptcy to unwind the transaction after it occurs, which could undermine the effectiveness of the transaction. A word of advice – don’t let the clawback periods deter you […]
How do you make a will when you have overseas assets? Can you rely on your Australian will if you have assets overseas? The short answer is “it depends”! Watch my VLOG to find out when you can rely on the Australian will and when you have to step things up a notch and make […]
Tips for choosing financial controllers under your estate plan One of the most fundamental decisions in your estate plan is who to nominate as your financial controllers i.e. your financial attorneys, executors and (if using a testamentary trust) trustees. While there are some legal rules surrounding who can be appointed to these roles, there are […]