Deceased Estates and the Tax Office

Deceased Estates and the Tax Office

Finalising the tax affairs of a Deceased Estate is an area that we all too often see overlooked by executors and administrators. There are a number of obligations that executors and administrators must comply with in this regard to avoid getting into trouble with the...
Do I Really Need Probate?

Do I Really Need Probate?

You’ve been named as an executor in a loved one’s will. It’s an emotional time. You’ve arranged a funeral and said your goodbyes. You set about finalising your loved one’s affairs only to be told you need a grant of probate. What? Why?...
Estate Planning – Why is it so Important?

Estate Planning – Why is it so Important?

You’ve heard of a will and maybe a power of attorney but what exactly is estate planning and why is it so important? The answer often varies but at Generations Law we see estate planning as the process of growing and protecting your family’s wealth both...
Testamentary Trust: Why you should consider one

Testamentary Trust: Why you should consider one

A testamentary trust offers a number of benefits including protecting assets from creditors, protecting vulnerable beneficiaries and potential income tax savings. A testamentary trust is like a family trust but is created by the deceased’s will rather than a...