Binding Death Benefit Nomination

Superannuation can be a significant asset for many people and for some, it represents the larger part of their Estate. However, superannuation benefits don’t automatically flow to your Estate when you die. They are instead are distributed by the Trustee of the superannuation fund based on the rules of the fund and the relevant superannuation law. While this is the … Read More

Walker PenderBinding Death Benefit Nomination

Digital accounts: what happens after you die?

  In our previous post, we covered what happens to your social media accounts after you die. This time, we explore what happens with your Google & Apple accounts and how you can clarify your wishes when it comes to your digital identity. Google As with Facebook, Google allows you to make provisions for what is to happen to your account … Read More

Walker PenderDigital accounts: what happens after you die?

Social media: what happens after you die?

Dealing with the social media accounts of a loved one after they pass can be a daunting and confusing process. More people will need to face this challenge into the future, so we ask: ever wondered what will happen to your social media accounts after you die? Facebook There are a few options regarding what will happen to your Facebook … Read More

Walker PenderSocial media: what happens after you die?

Executing your Will during COVID-19

One impact of the COVID-19 pandemic is that many people have prioritised making or reviewing their current Will. Formalising your wishes in a Will can understandably put anxious minds at ease and it’s no surprise that there has been a recent surge in this area. There are some hard and fast legal rules surrounding the making of a Will. We cover … Read More

Walker PenderExecuting your Will during COVID-19

Verification of identity during COVID-19

This week in Keeping it Legal, we want to discuss formal identification (ID) requirements in the time of COVID-19. For many legal processes, such as writing your Will or purchasing a property, there is a verification of identity process that must be followed, usually requiring your lawyer to physically view two forms of your photo identification. Your ability to provide … Read More

Walker PenderVerification of identity during COVID-19

Documented gifts and loans can save family disputes

THERE have always been loans and gifts between family members, often between a parent and a child or children. These payments are rarely documented and the intention of each party is often not clear. This can lead to significant family concern and dispute, both before a person dies and with their Will. For example, a parent may think of it … Read More

Walker PenderDocumented gifts and loans can save family disputes

Overseas assets and travel highlight the need for an Enduring power of attorney

EVERY adult should have a current enduring power of attorney. Most do not and while older people are now making powers of attorney, we are obviously all prone to accidents, illness or injury regardless of our age. The situation becomes more complicated if people have assets in different countries or live or spend significant time in more than one country. … Read More

Walker PenderOverseas assets and travel highlight the need for an Enduring power of attorney

Consider overseas assets when making a Will

PEOPLE usually understand the importance of having a Will although statistics say that most Australians don’t have one. If you don’t have a Will then the finalisation of your estate and affairs will inevitably be more expensive, complicated and uncertain. The issue becomes even greater when people have overseas assets. There is an increasing number of Australians who have family, … Read More

Walker PenderConsider overseas assets when making a Will

The Advanced Health Directive

IN THE past two weeks I have looked at General Powers of Attorney and Enduring Powers of Attorney. Both are formal documents that give another person the authority to make decisions on your behalf. Out of the two, only the Enduring Power of Attorney can provide power to make decisions about personal and health matters. But what about if you … Read More

Walker PenderThe Advanced Health Directive

Wills – what are they and why you should have one

A “WILL” is a legal document stating your wishes regarding the division of your estate, that is, your money and assets, after you pass. You also appoint someone to administer your estate, known as an Executor, usually a family member, close friend or legal advisor. If you die without a Will, this is called dying intestate and your estate will … Read More

Walker PenderWills – what are they and why you should have one