by kristy@thecollectiveco.com.au | Jul 20, 2023 | Estate Planning, Family Law, News, Property
With increasing financial burdens on the cost of living, it is not uncommon for individuals to seek financial assistance from relatives. Many individuals may turn to the ‘Bank of Mum and Dad’ for money to assist in the purchase of a property, vehicle, or other asset....
by kristy@thecollectiveco.com.au | Jul 12, 2023 | Estate Planning, News
Jason leads an exceedingly comfortable yet ultimately shallow existence, until his billionaire grandfather Howard ‘Red’ Stevens, from whom Jason was estranged, passes away and leaves Jason an inheritance. The catch? Jason must complete 12 separate tasks within a year...
by kristy@thecollectiveco.com.au | Jul 10, 2023 | Estate Planning, News
If you’ve read Part 1 of this mini-series then you should have a general idea about what a conditional gift is, what grounds you can challenge it on and what it means if you’re successful in your challenge when the conditional gift is based on a condition precedent...
by kristy@thecollectiveco.com.au | Jul 4, 2023 | Estate Planning, News
I can think of no better introduction to this movie than the one the brilliant creators devised: “This is the story of Montgomery Brewster, a relief pitcher in the minor leagues of life who got handed the American Dream on a very hot plate”. The 1985 Brewster’s...
by kristy@thecollectiveco.com.au | Jun 22, 2023 | Estate Planning, News, Probate
I receive a pension from Centrelink and I am also about to receive a gift under a Will, what do I need to know? The answer to this question will depend on the type of pension you receive and whether it is a full pension or a part pension. It will also depend on: (a)...
by kristy@thecollectiveco.com.au | Mar 13, 2023 | Estate Planning, News
What is a Testamentary Trust? A Testamentary Trust is essentially a trust that forms part of a Will. A Testamentary Trust comes into existence by direction of the deceased’s Will after they have died. A Testamentary Trust is different to a family trust in the sense...
