family & wills lawyers | business advisory & accountants

What is a will?

It’s a document that sets out how your property is distributed when you die. The purpose of a will is to make sure that the right person gets the right property and there is no dispute. If you don’t have a will then the law says how your property is distributed. This may be different to what you would want or it may be a more expensive way of achieving the same thing.

Even when people take out wills, many people who think they have provided for beneficiaries in the way they intended are unaware of the pitfalls that can arise if a will is not prepared correctly.

What is an estate plan?

A will is often part of an estate plan but an estate plan also looks at other assets that can’t be dealt with in a will. This might include superannuation or a business or a trust. The purpose of an estate plan is to make sure that all of your property no matter how you own it ends up with the right people in a tax effective way.

What is estate administration?

It’s the process of putting a will into effect. It includes obtaining probate, finding assets, transferring or selling them, paying debts and making sure that everything is finalised. Sometimes it’s relatively easy and sometimes it is not. Whether easy or hard it has to be done properly or the executor can be liable or people can miss out on what is rightfully theirs.

We’ve written some articles below about wills, estate planning, estate administration, and some of the issues that arise in these areas.

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March 6, 2019

Settle by Sunday

Ever thought “I just want my divorce done!” or “separating through lawyers is expensive”?Well guess what – we are here to challenge those misconceptions!If you, or a couple you know, is ready to settle their separation in a weekend – we want to hear from you!We want to give you…

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February 26, 2019

Welcoming New Directors in 2019

Farrar Gesini Dunn is excited to announce the recent promotion of 9 new Directors across our Canberra, Sydney and Melbourne Offices. We are pleased to welcome to the Directorship:-

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December 11, 2018

Lawn Bowls with Lawyers

Lawn bowls with lawyers anyone?Perhaps not the first thing that springs to mind when you think of Friday night fun – but we beg to differ!

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November 23, 2018

$17,000 for Karinya House!

esterday we had a really lovely moment in the FGD Canberra office. We had the opportunity to present our friends from Karinya House with a $17,000 donation thanks to our FGD community!

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