Blog

Making a Will is a fundamental step in safeguarding the future of your minor children - that is children under 18 years of age. Despite its importance, many parents delay this process, often due to the misconception that Wills are only necessary later in life....

After the death of a family member or friend, the process of examining their Will can begin. In some cases, the Will in question may need to be contested to ensure that all parties associated with the deceased are dealt with fairly and honestly. Contesting a Will can...

After you pass away, your assets are passed on to the beneficiaries of your Will. This is carried out by an executor and is generally a simple and straight forward process. However, when it comes to your superannuation, it may get somewhat more complicated as to where...

Starting your own business is an exciting venture and one that will come with many challenges. If you approach these challenges with the right frame of mind and an understanding of how to navigate them, you will be rewarded in the long run. It is also important to...

Ensuring that your estate and family’s future is secure gives you and your loved ones peace of mind. When deciding what to do with inheritance money, property or belongings, the process of writing a Will is extremely important. This ensures that your estate is passed...

McNab McNab & Starke understand that the ins and outs of being an executor of an estate can be confusing and stressful. That’s why we’re here to answer one question we’re often asked: what is an executor’s commission? Executor’s commission is a payment to an...

What is a Testamentary Trust? A Testamentary Trust is a form of discretionary trust that only occurs upon the testator's death. It allows the trustee of that trust greater discretion in relation to both the control and distribution of assets within the trust to its...

Vacant Residential Land Tax Impacting Victorian Homeowners  Attention property owners! The state government has recently issued a new Vacant Residential Land Tax (VRLT). Initially introduced in 2017, this annual tax has gradually expanded its reach and, as of...

Most of us have some form of superannuation, either in an industry fund or a Self Managed Super Fund (SMSF) in Australia. Here at McNab McNab & Starke, we know just how crucial it is that you understand the way your super works, particularly in relation to SMSFs. You want full control over what happens to your assets when you die, and one way to ensure your superannuation goes to the right place is through a death benefit nomination.

When you make a Will, you need to appoint an executor and, in some circumstances, a trustee, who will handle your affairs when you die. It’s commonly assumed that a Will can be actioned immediately after death. However, in many cases the Will can’t be acted upon until Probate has been granted by the relevant court. Before your executor can distribute your assets in line with your Will and pay off your debts, they may need to apply for a Grant of Probate.