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Being named as an executor of a will is both an honour and a significant responsibility. But what does the executor of a will do in Victoria? An executor is the person appointed in a will to administer the estate of the deceased. This role is crucial in ensuring that...

Losing the ability to make decisions due to illness, accident, or age-related decline can be a distressing prospect. Planning for such eventualities is crucial, and an Enduring Power of Attorney (EPOA) is one of the most effective tools for ensuring that your wishes...

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...