Posts by Tamara Carman

From September 1 new legislation surrounding the composition of Powers of Attorney will come into use in Victoria. Although the changes are minor, it’s important to know where you stand.

There are a wide variety of events that should prompt you to review your estate plans, for example:

• the ageing of an executor appointed in your Will
• the arrival of children or grandchildren
• the breakdown of a child’s marriage
• the threat of some commercial misfortune to a child
• the graduation of a child into a professional career
• a resolve to assist a needy charity

You should think just as carefully about the possible onset of incapacity. Whilst your will deals with matters upon your death, it has no bearing on the onset of incapacity if that occurs.

These are some fundamentals to consider when reviewing your estate or incapacity plan: