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 […]
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 […]
Real talk: Is an enduring power of attorney truly necessary? From time to time I am asked whether a power of attorney is truly necessary. Sometimes clients find the decision about who to nominate as an attorney to make their decisions if they lose capacity quite confronting, which is completely understandable. My answer about whether […]
Will a surviving spouse really benefit from a testamentary trust? This question has come up with clients twice in the last week and I thought my two cents (should it be five cents now?) was worth sharing with all the other readers of the blog. Further to my previous blog posts Testamentary trusts: worth every […]
To BDBN or not to BDBN, that is the question For a significant proportion of the Australian population, superannuation and life insurance held via superannuation will constitute one of their largest assets. However, there is a common misconception held by many that superannuation automatically forms part of the pool of assets distributed by their will. The […]
Keeping it in the family – one trust per child or all children in one trust? One issue that comes up in nearly every estate planning exercise with two or more children is whether the children should receive their inheritance in a single testamentary trust for all children (and ultimately grandchildren) or via a separate testamentary trust […]