Probate is a legal order issued by the court that confirms the validity of a deceased person’s will and formally appoints an executor to administer their estate. This process includes gathering the deceased’s assets, settling any outstanding debts, and distributing the remaining assets to the designated beneficiaries. A grant of probate acts as official recognition…
Making a claim against a deceased estate comes with strict time limits in Queensland. Anyone wanting to make a claim has six months from the date of the death of the deceased to file with the court. This must be done after giving notice to the executor or administrator of the estate. But what happens…
A 2015 study from The University of Queensland found the success rate of contesting a Will in this state is 77 per cent. That means that out of 100 cases that are challenged, 77 of them are successful. While it seems the chances of contesting a Will and winning are high, the likelihood of success…
Enduring Power Of Attorney vs. A Power Of Attorney A power of attorney (or POA) is a person that is appointed by you to help take care of your finances in case you are incapacitated. A power of attorney can be appointed by you to manage your investments, your personal finances, or both. This is…
If you leave a small gift for someone in your Will, does that mean they can’t make any further claims? In short, no it does not. Of course, you’re free to leave your property and assets to whomever you choose, but there are risks involved in excluding a person from your Will or trying to…
Leaving behind a last Will and Testament expressing your wishes is vitally important. A current Will provides you and your family with peace of mind. But where are you meant to keep your Will? If you leave it where your executor can’t find it, you may as well not have prepared a Will at all,…
In cases where ownership of the family home is distributed evenly among the deceased’s children, there will likely be disagreements on what to do with it. Some might insist that the property be sold off, and the value distributed among the beneficiaries; others might insist that the home be kept in the family. Usually, this…
Life presents many unforeseen circumstances that most people cannot control. As health declines, parents inevitably grow concerned about the future of their children for when they are no longer present. Some people might just want to secure their assets and belongings should anything happen to them. In any case, it would be beneficial if someone…
There are five main business structures in Australia but how do you know which one is right for you? It’s important to take into consideration any costs and legal obligations that come with a business structure. Here’s the GLG Legal guide to the types of businesses you can own and how they operate. Sole Trader…
The death of a family member is a sad and stressful time, and that can be made even more so if people are unhappy with the contents of the Will. Any Will can be contested, however in Queensland here are strict time limits and rules around doing so. If you are going to contest a…
