Writing a Will and planning for the distribution of your assets after your death is an essential part of responsible financial management. While it may not be the most pleasant thing to think about, having a comprehensive estat...

Blended families are becoming more common where there are children from previous relationships. Rights of stepchildren vary slightly across each state in Australia. Who is considered a step-child? In Victoria, there is no sta...

Our article dated 10 January 2023 set out some of the basic concepts around the new Windfall Gains Tax ("WGT") set to be introduced from 1 July 2023. In this short update we highlight some more detail on the WGT. The taxable...

If you’re at a stage in your life where you feel you need to write up your Will, then here’s everything you might need to know about completing one. What is a Will? A Will is a person’s last will and testament; a legal doc...

Every so often a Will maker leaves a specific gift in their Will and at the time of death it is no longer owned by the Will maker. This specific gift fails for “ademption”. What is ademption? Ademption occurs when property (...

Windfall Gains Tax is a new Victorian State Government tax on land set to be introduced from 1 July 2023. The tax will be triggered where the value of land increases 'due to the actions of government'. In this context, the 'action...