I’ve heard some stories in my time. Perhaps the worst was an old bloke who didn’t trust the banks. You can’t blame him for that, but this chap kept his savings in a broken radio he’d hollowed-out and left in the shed to look like junk. It was a pretty good hiding place – so good, in fact that radio made its way to landfill before his children found his hand-written Will hidden in a plastic … [Read more...]
“EMOTIONAL WILLS” COULD CAUSE MORE PAIN THAN GAIN.
Legal Wills are boring documents. Make no mistake, as Wills and Estate Lawyers we love our work, but Wills aren’t exactly page turners, if you know what I mean. That’s because legal Wills serve a very clear purpose – to take your testamentary wishes (what should happen to your assets when you die) and translate them into legal wording. That’s why sometimes when children finally get to see … [Read more...]
WILL FORGERY? IT CAN HAPPEN
(two minute, easy read) It’s hard to believe that in 2019 people are still trying to forge legal Wills, but a remarkable case in the UK has reinforced the need to have your Will drafted – and stored – by a qualified legal professional. The criminal law case, out of Gloucestershire, involves a married couple who sought to exclude their relatives from their late mother’s estate by writing a … [Read more...]
CHANGES TO LOW COST LEGAL WILL SERVICE COULD IMPACT YOU
The South Australian Government has announced plans to revamp the Public Trustee’s “no-upfront cost” legal Will service, a move that could slash access to legal Wills for thousands of South Australians. Under plans reported in InDaily, the Public Trustee’s deferred cost Will service would be limited to concession card holders – about half their current annual client base. The service is an … [Read more...]
$275M IN LOST CRYPTOCURRENCY HIGHLIGHTS DANGER IN DIGITAL ASSETS
We’ve all heard the stories of the vast riches and jaw-dropping losses to be had in cryptocurrency. The bitcoin bubble of 2018 saw fortunes built and decimated in the blink of an eye. And who could forget the British man left begging his local council to go digging through the local rubbish tip after he accidentally discarded a hard drive containing $127 million worth of Bitcoin? But a … [Read more...]
STAY IN CHARGE OF YOUR MONEY WITH A SIMPLE LEGAL DOCUMENT
Imagine sitting on a fortune and not being allowed to spend it because the government doesn’t trust you to make financial decisions on your own, even though your wife is healthy and your home falling down around you. That’s the reality for one Queensland couple who hit the news this week, but it’s a situation that can be avoided with a simple, affordable legal document that every Australian … [Read more...]
IS A PRE-NUP ENOUGH? … NUP.
When a relationship gets serious we often think the most difficult decisions will be whose pictures will go on the walls (spoiler – your KISS posters are going in the shed). It might not be the most romantic idea, but when getting serious about a relationship one of the most important conversations you can have is whether each of you has your financial house in order before your lives - and … [Read more...]
Welden & Coluccio Honoured with Industry Recommendation for Third Consecutive Year.
Welden & Coluccio Lawyers are delighted to announce we have again been named by our peers as one of the best Wills and Estates firms in South Australia. Announced on Tuesday September 11, our listing in the prestigious Doyle’s Guide for the third consecutive year is a vote of confidence by other lawyers in the quality of service we provide. Being listed in Doyle’s Guide is like a chef … [Read more...]
HIDDEN TRAPS IN BABY BOOMER HOME SALE SUPER INCENTIVES
As we get older, some things just get harder to manage. That goes especially for the traditional family home. When you’re in your 30s, maintaining a house with two big yards is something to look forward to on the weekend. But when you’re in your 60s, you just want to enjoy your retirement. For many of my parents’ generation – the Baby Boomers – the decision to downsize is a tough … [Read more...]
We Don’t Discuss Death, But We Should.
A new study has shown that only one in four Australians has discussed their end-of-life wishes with their family, despite three quarters acknowledging a need to plan ahead. As an estate lawyer, this is worrying news. I’m not pretending this is an easy discussion to have, but some issues are made worse by ignoring them. End of life planning isn’t just about what songs you want played at your … [Read more...]
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