Rights of Beneficiaries Giving or Receiving Gifts in a Will March 14, 2012
Posted by andersonslawblog in Andersons Solicitors, Estate Planning, Family Trusts, General News, Power of Guardianship, Powers of Attorney, Wills, Wills and Estates.Tags: abatement, ademption, beneficiary rights, beneficiary to a Will, Can I contest a Will, demonstrative legacy, executor duty, executors duties, failed legacy, general legacy, gifting in a will, Greg Welden, laibilities of an estate, legacy can fail, pecuniary legacy, requirements of executor, residuary legacy, rights to assets in a Will, specific legacy, transfer of legacy, Will terminology
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You may find a lot of terminology used in this blog article that you’re not overly familiar with. To assist you, we’ve included a short set of definitions at the end.
So you wish to leave someone a gift in your Will? Or alternatively you have been left something by a loved one or relative in their Will. What are the dangers and risks associated with gifting in a Will?
Living in South Australia with assets overseas? Your “one Will to rule them all” may not be good enough. March 8, 2012
Posted by andersonslawblog in Andersons Solicitors, Estate Planning, Power of Guardianship, Powers of Attorney, Wills, Wills and Estates.Tags: deceased estate overseas, drafting Wills, grant of probate, Greg Welden, Overseas assets, Overseas Will, revocation of Will, valid Will, Wills & estate planning, Wills and foreign laws, Wills made overseas
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Many people making a Will may assume that their Will, validly made in South Australia is going to be effective to dispose of overseas assets they may own.
That assumption might be incorrect depending on where the overseas assets are held. To make certain the overseas assets can be adequately dealt with by a local Will care must be taken to ensure foreign laws are complied with. (more…)