In Victoria, the process of obtaining a Grant of Probate typically takes between 2 to 6 weeks. For uncomplicated applications that are lodged promptly, the timeframe is generally around 18 to 30 days. If these timeframes and terms seem confusing, don’t worry – we’ll break down the process in detail throughout this article. We’ll explain… Continue reading How Long Does Probate Usually Take In Victoria?
Author: Campus Lawyers
When Is Probate Not Required in Victoria
If an estate is worth less than $50,000, probate is generally not required. Additionally, when assets are owned jointly, they automatically pass to the surviving owner, bypassing probate. Similarly, superannuation and life insurance policies with named beneficiaries do not go through probate. Trust assets are managed according to the terms of the trust deed, and… Continue reading When Is Probate Not Required in Victoria
What is a ‘Section 32’ Vendor Statement?
There are a few legal terms that fly around when it comes to purchasing a property including the most common term ‘section 32’. What is a ‘section 32’? A Section 32 is a written statement the vendor must sign and give to a purchaser before a contract of sale is signed. The vendor statement must… Continue reading What is a ‘Section 32’ Vendor Statement?
5 Reasons You Need a New Will And Estate Plan After Separation
Going through a separation is always difficult, but with many life changes taking place ahead of the fresh start to come, it’s a also a critical time to ensure your estate plan is either updated or put in place to protect your hard work and assets for the benefit of your chosen loved ones. If… Continue reading 5 Reasons You Need a New Will And Estate Plan After Separation
How to Have Your Deposit Released
It is possible for the deposit to be released to you prior to settlement So your property has sold, the buyer has paid a deposit – how do you access the deposit funds? Purchasers usually pay a 10% deposit at the time the contract is signed, or once their finance has been approved, and these… Continue reading How to Have Your Deposit Released
How to Make an Offer on a Property
Buying a property is a major financial investment. Whether it is your first home, an investment property or one of several properties in your portfolio, the commitment and impact of signing on the dotted line is not to be underestimated. How do I make an offer? Once you have decided on a property you would… Continue reading How to Make an Offer on a Property
Anyone Can Write Their Own Will – So Why Use a Lawyer? The Pitfalls of DIY Wills
You can write your own will without a lawyer but why take the risk? If the law is not followed, your will may be deemed invalid by the court and unenforceable, or it may be so unclear or improperly drafted that a court may have to decipher your intentions, incurring additional and unnecessary legal expenses… Continue reading Anyone Can Write Their Own Will – So Why Use a Lawyer? The Pitfalls of DIY Wills