Archive | Elder Law

What is Probate and when do you need it?

Probate is not a death duty or death tax. It is an order from the Supreme Court of NSW confirming that the last will of the deceased person is valid. Probate allows the executor to collect the assets and distribute them the way the deceased person wanted. Probate is not needed every time somebody dies. […]

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Courts Lets Elderly Parents of the Hook on Guarantee

A recent court case is a warning to lenders to give more careful consideration to the financial and other circumstances of guarantors. Lenders may now need to satisfy themselves that people are aware of the significance of the risk they are exposing themselves to when agreeing to be a guarantor, particularly where the risk is […]

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