Tag: estate-planning
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Why a Will Is an Investment in Your Family’s Future, Not a Cost Burden
Many Australians put off preparing a Will or formalising their estate planning documents. For some, it feels overwhelming. For others, it is seen as something to deal with “later” – or worse, an unnecessary cost. At Hemmings Legal, we see first-hand the stress, conflict and financial loss that families experience when estate planning is delayed…
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How Testamentary Trusts Operate in Victoria
A Testamentary Trust is a powerful estate planning tool that can provide financial protection, tax advantages, and flexibility for your family. Unlike a trust you set up during your lifetime, a Testamentary Trust is created through your Will and only comes into effect after your death. At Hemmings Legal, we regularly assist clients in Victoria…
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Estate Planning for Young Families in Victoria – Why It Matters More Than You Think
Many young families assume estate planning is something to think about later in life. The truth is, estate planning is just as important for young families as it is for retirees. Preparing a Will and other key documents ensures your children are protected, your partner is supported, and your assets are managed according to your…
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Probate in Victoria – What Families Need to Know
When a loved one passes away, dealing with their estate can feel overwhelming. One of the first legal steps that may be required is probate. Understanding what probate is and when it applies can help families manage the process with more confidence. At Hemmings Legal, we guide clients through probate and estate administration in Victoria.…
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Testamentary Trusts – A Smart Way to Protect Your Family
Estate planning is about more than simply writing a Will. For many families, a Testamentary Trust can provide an extra layer of protection, flexibility and financial security. A Testamentary Trust is created under your Will and only comes into effect after your death. It ensures your estate is distributed in a way that not only…
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Common Reasons to Update Your Will
A Will is not a once-and-done document. Life changes quickly, and your Will needs to keep up. Many people in Victoria make a Will and then forget about it, only to realise years later that it no longer reflects their circumstances. An outdated Will can create confusion, disputes, or even unintended results. At Hemmings Legal,…
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Medical Treatment Decision Maker in Victoria – Why You Should Appoint One
Estate planning is not only about what happens after you pass away. It is also about protecting your wishes during your lifetime. One of the most important documents you can have in place is an Appointment of Medical Treatment Decision Maker. At Hemmings Legal, we regularly assist clients in Victoria to prepare this vital document.…
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