wills

Why every parent needs a Will

Why every parent needs a Will

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?

New Power of Attorney law in Victoria

New Power of Attorney law in Victoria

You may have heard about the new Powers of Attorney Bill just passed by the Victorian Parliament. It looks like it will come into effect over in September 2015.

 The Bill clarifies the existing law on enduring powers of attorney but makes two big changes

What is a testamentary guardian, and why do I need one for my child?

What is a testamentary guardian, and why do I need one for my child?

A testamentary guardian is an adult designated in a parent’s Will to care for that person’s child in case both parents die before the child turns 18.

While the thought might make you shudder, you need to write a Will and choose a guardian so the courts don't do it for you should the worst should happen.