Estates & EPOA

how much money can be legally given to a family member as a gift in australia | Walker Pender

How Much Money Can Be Legally Given To A Family Member As A Gift In Australia?

Australia does not have a specific gift tax. Individuals can give any amount to family members without taxing the gift. However, while giving a gift itself is not taxable, if the gift involves transferring assets such as property or shares, the giver may be subject to Capital Gains Tax (CGT) if the asset has increased […]

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can a parent spend a child's inheritance | Walker Pender

Can A Parent Spend A Child’s Inheritance in Australia?

A parent’s ability to spend a child’s inheritance is contingent upon the conditions governing their access to and control over it. Trustees or guardians typically manage inheritance for minors (children under 18) until the child reaches the age of majority or an age specified in the will or trust document. Here are some key considerations:

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Overseas Inheritance Tax Australia | Walker Pender Group

Overseas Inheritance Tax Australia: What You Need to Know

In an increasingly globalised world, it’s not uncommon for Australians to inherit overseas assets. While this may be a windfall, it can also bring a variety of legal and tax implications. Understanding how overseas inheritance tax works in Australia is crucial for managing such assets wisely and legally. What is Overseas Inheritance Tax, and How

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multiple executors of a will australia | Walker Pender

Multiple Executors Of A Will Australia: What You Need to Know About Co-Executors

Having multiple executors for a will in Australia is possible. Having more than one executor can balance skills and perspectives, ensuring continuity if one executor is unable or unwilling to act.  However, it’s important to note that all executors must act jointly and agree on decisions, which can sometimes lead to complications if they disagree. 

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difference between probate and letters of administration | Walker Pender

Difference Between Probate and Letters of Administration

Understanding the legal and administrative processes after a person’s death can be confusing. The distribution and management of the deceased’s estate depend primarily on whether they left behind a valid will. This guide will delve into both processes’ nuances, criteria, application procedures, and implications on control and duration under the Succession Act of 1981. Key

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is there inheritance tax in australia | Walker Pender

Is There Inheritance Tax in Australia? Understanding Your Financial Obligations

No, there is no inheritance tax in Australia. Inheritance tax is a levy paid on the assets or the value of an estate inherited from a deceased person. It’s calculated based on the total value of the deceased’s assets, minus any liabilities. The tax rate and exempted threshold can vary depending on the jurisdiction. Not

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cost of probate in qld | Walker Pender

What to Expect: Cost of Probate in Qld

Probate, a term often encountered but not always understood, is a pivotal stage in estate administration.  In Queensland, it involves legally validating a deceased person’s will and granting authority to the nominated executor to administer the estate. This procedure, however, comes with certain costs. Fees largely depend on the complexity and size of the estate,

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