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Will - Estate planning - Law - Divorce

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Estate Planning - Undue Influence Considerations

Copyright 2006 Ronald Hudkins Often during the final years of a dear friend’s or relative’s life some person or persons will take over the task of caring for their sick and elderly friend or relative to a greater degree than the other people in their lives. This is sometimes due to sheer geography where the aged or sick person lives nearer to one set of relatives than to another. In addition, some relatives or friends may be better suited to dealing with the realities of sickness, age and........ Read More

Using Our Legal Rights For Estate Planning

“I know my rights!” That is one of those phrases we all like to have in our arsenal if we get into a struggle, particularly with the government or a financial institution. But another phrase that is just as appropriate, especially when it comes to the rights that the legal system gives us is, “Use it or lose it.” As much as we malign lawyers and hold the government up for ridicule, there are a lot of laws on the books that are here to protect ordinary citizens like you and I. The........ Read More

Estate Planning - What About Life Insurance?

Copyright 2006 Ronald Hudkins Not too many years ago life insurance was considered to be the indispensable platform upon which all other estate planning efforts should be based. In fact, for those in the median and lower income ranges, it was often the only recognized method for protecting one’s heirs, particularly in the event of untimely death. However, over the past twenty or so years, the concept of financial planning has changed considerably. The proliferation of varied retirement pla........ Read More

Estate Planning - Changing A Will

Copyright 2006 Ronald Hudkins “I am taking you out of the will,” or “I am going to disinherit Gregory and leave all my money to Steven,” are statements that seem far more like they belong in an Agatha Christie novel than in a serious discussion of estate planning. Although the world is not filled with conniving relations who maneuver endlessly to gain the favor of a truly despicable older family matron or patron who uses their wealth to control them all until it culminates in murder mo........ Read More

Estate Planning - Rules And Trustees

Copyright 2006 Ronald Hudkins If you are wisely attempting to put some assets into a trust (inter vivos) in your lifetime, then you have been paying attention to the important differences between wills and trusts. A trust created during your life will be far more secure with respect to its ability to withstand challenges to how your assets are to be distributed during estate planning than a will. Making a trust is a brave thing to do, because it telegraphs, to a certain extent, what you are g........ Read More

Estate Planning And Insurance Concerns When You Divorce

If you are getting a divorce from your spouse, you have a lot of planning to do. You will need to name your own beneficiaries, organize your divided assets, and set up your individual estate. It is important that you meet with a qualified attorney to discuss the specifics of planning your estate to ensure that your wishes are carried out as you desire. You need to be well versed in the most strategic methods of dividing your joint estate so that you do not end up paying all of the taxes while ........ Read More

Estate Planning - Capacity Challenges

Copyright 2006 Ronald Hudkins Wills and trusts have an interesting history in a culture as heavily influenced by British common law as our own. The bequests of wills have been the pole star around which a great deal of mystery fiction has been written where furtive and anxious relatives wait around a long imposing table to hear what is to become of the family fortune and thus; what is to become of them. As usual, fiction and the media give one side of what something has been or is, while the ........ Read More

Estate Planning - Real Property Disbursement Problems

Copyright 2006 Ronald Hudkins Many parents want to give an equal share of the family home or some other sentimental form of real property (actual land usually) to their surviving children in equal shares. As an estate-planning attorney, one often sees the strange problems created by such plans. In particular if there are an even number of children, this may create hardships as voting blocks of family members eventually have to resolve votes that are evenly split in court or at least face the ........ Read More

Estate Planning For Your Elderly Parents

Many people will go out of their way to avoid talking about illness, death, and money where their aging parents are concerned. The reality is we all get older and eventually need help from others. The more prepared you are today, the easier it will be for everyone down the road. If you haven't had these discussions with your parents it may be time to start laying the groundwork. What Important Estate Planning Documents Are Needed? A Will - Decisions regarding your assets, how your estate w........ Read More

Estate Planning - Protecting Your Furred Friend

Copyright 2006 Ronald Hudkins The whole concept of estate planning has a couple of primary aims: 1) making sure that your assets are distributed where and how you want them to be, and 2) ensuring that your loved ones are cared for and able to comfortably live out their lives after you are gone. If you consider your pets as part of your property, to whom do you leave them – and the obvious answer is to someone who won’t immediately haul them to the nearest shelter and drop them off. Provid........ Read More

Your Will Is The Core Of Estate Planning

An estate plan is a legal system for the disposal of your property upon your death. It recognizes your wishes, such as those regarding the care of minors, and it legally minimizes taxes. It can take into account your views regarding future medical care; for example, it may state you have no wish to have your life sustained by a life support machine. Estate planning may or may not involve tax planning. The single most important document associated with estate planning is a will. If you own pro........ Read More

Estate Planning - The Life Estate

Copyright 2006 Ronald Hudkins The life estate is something every first year law student learns about when they study the arcane and often bizarre history of property law that harkens back to the days of English knights, lords and serfs, and the transfer of property through the ceremonial throwing of dirt clods with oaths of duty to accompany. The life estate is about as old as they come as instruments of wealth transfer go and students love it, because it is relatively easy to understand. Apa........ Read More

Offshore Trust - Effective Estate Planning, You Decide

Copyright 2006 Ronald Hudkins The creation of offshore trusts and other financial plans is a way of shielding your assets from the laws of the nation in which you reside. It can sometimes be used to remove one of the two certainties of life; taxes. Americans are far less likely than the citizens of other countries to put assets abroad because, although when you receive the benefits of being free of your country’s laws regarding assets (namely taxation) you also lose the aspect of those laws........ Read More

Estate Planning And The Revocable Living Trust

What is a revocable living trust?

According to Plan-My-Estate.com - With a Revocable Living Trust, you transfer the title of any of your assets (such as a house) from yourself as an individual, to yourself as Trustee of the Trust. Then you, as the Trustee of the Trust, manage the assets of the Trust for the benefit of the beneficiary, which is you. In this manner, you keep complete control over the assets. Once you pa........ Read More

Estate Planning

Estate planning involves distributing your assets after death to such people or causes according to your wish with minimum legal complications and the least tax incidence. And estate planning is not just for the wealthy; nor is it something to be contemplated when you reach the ripe old age of eighty. Anybody, irrespective of age, with considerable assets and the desire to provide for dear ones even after death would be doing a great service by planning one’s estate. And the best time to pl........ Read More


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Will Estate planning Law Divorce
Family Court Power of Attorney Conveyancing Commercial Law
Contract Law Personal Injury Debt recovery Civil Law
Police

Melbourne Lawyers





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