The proposed 2026 Budget changes have caused plenty of concern about discretionary testamentary trusts — but the headlines do not tell the whole story.
Tax is only one reason families use testamentary trusts. Flexibility, asset protection and long-term family wealth planning still matter. Before changing your will, it is worth understanding what is actually proposed, what remains uncertain, and why testamentary trusts may still have an important role in your estate plan.
If you’ve recently been asked by your parents, partner or family friend to be an executor of their Will or are looking to appoint an executor of your own, we have you covered.
The COVID-19 pandemic has created uncertainty for people across the world, including people going through a separation. Many are wondering if it is better to wait until the pandemic is over before negotiating a property settlement. Here are some of the ways that we are seeing COVID-19 impact family law property settlements:
A Will is something every parent should have, regardless of your age, wealth or financial assets. But the thought of making a Will makes most parents squirm and change the subject. No one wants to talk about death, especially the possibility of dying before our children are adults. Who do we trust to raise them without us? And who should look after their inheritance until they are adults?
It is always preferable to prevent problems, rather than try to fix them after the event. That is why Nest Legal offers two free contract reviews for potential purchasers. We much prefer preventing problems than delivering bad news once it is all too late!
Here are some examples of problems we can help avoid...
Ok, granted, this topic brings together two things we don’t really like to think about: the competing responsibilities toward spouses and children from past and current relationships, and the possibility we might die. However, if you do find yourself in a blended family (basically, any family where one spouse or partner has kids by another relationship), it is particularly important that you have a Will.
