When a loved one passes away, managing their estate can feel overwhelming. Once probate is granted, many wonder what happens next. This article explores the steps that follow probate in Victoria, Australia, and provides clarity on the responsibilities involved in administering an estate. Steps to Take After Probate Is Granted Once probate is granted by… Continue reading What Happens After Probate Is Granted in Victoria?
Articles
How Much Does It Usually Cost to Do Probate in Victoria?
When dealing with a loved one’s estate, it’s essential to understand the costs involved in the probate process in Victoria. The cost of probate can vary greatly depending on a number of factors. In general, for straightforward estates, the total cost of probate might range from $2,500 to $6,000. For more complex estates, costs can… Continue reading How Much Does It Usually Cost to Do Probate in Victoria?
Do You Really Need An Estate Plan?
Estate planning is a significant consideration for everyone, but many overlook it, thinking it’s only for those with extensive assets or complex estates. This article will guide you on when to start estate planning, how an estate plan protects you, and why this crucial step is essential, no matter your circumstances. Why You Need an… Continue reading Do You Really Need An Estate Plan?
Do You Need a Lawyer to Establish An Estate Plan?
Creating an estate plan is a critical step for individuals in Melbourne and across Victoria to secure their assets and ensure their wishes are followed after they pass. While some people may consider handling the process independently, the expertise of an estate lawyer can provide invaluable peace of mind and legal assurance. In this article,… Continue reading Do You Need a Lawyer to Establish An Estate Plan?
Can You Sell a Deceased Person’s Car Before Probate?
When someone passes away, their assets, including vehicles, are typically managed through the probate process. This ensures that the estate is handled according to the law and the deceased’s wishes. Can You Sell a Deceased Person’s Car Before Probate in Victoria? The short answer is generally no. In most cases, you cannot legally sell a… Continue reading Can You Sell a Deceased Person’s Car Before Probate?
How Long Does Probate Usually Take In Victoria?
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?
Don’t Let Your Ex Get Your Super! Why a Complete Estate Plan Matters More Than You Think
Did you know that your superannuation might not automatically go to your kids (or others you wish to benefit), even if that’s your wish? If you’re separated but not officially divorced, your ex or new partner could end up inheriting it instead. Superannuation isn’t covered by your will, which is why it’s crucial to have… Continue reading Don’t Let Your Ex Get Your Super! Why a Complete Estate Plan Matters More Than You Think
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