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MV replied to the topic Wills with beneficiaries who are minors in the forum Wills & Estate Planning Forum
Dear AB,
if you have a will and you name your minor children as beneficiaries, the assets will be distributed according to the terms of the will. However, because minors cannot legally own property or receive an absolute gift, the assets intended for them will typically be held in trust until they reach the age of majority or another specified age…Read MoreBe the first to like this!no comments -
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Customer Emails started the topic Wills with beneficiaries who are minors in the forum Wills & Estate Planning Forum
What happens when I have a will where I give everything to my children who are minors?
AB
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MV replied to the topic Right of occupancy clause in a BFA in the forum Wills & Estate Planning Forum
Dear NJ,
The law that governs binding financial agreements if the Family Law Act 1975 or if you are in WA and in a de facto relationship, the Family Court Act 1997 (WA). Any testamentary declarations or clauses in a BFA are not enforceable under this legislation.The appropriate way to achieve what you are requiring is to have both your wills re…Read More
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MV replied to the topic Right of occupancy clause in a BFA in the forum Family Law Forum
Dear NJ,
The law that governs binding financial agreements if the Family Law Act 1975 or if you are in WA and in a de facto relationship, the Family Court Act 1997 (WA). Any testamentary declarations or clauses in a BFA are not enforceable under this legislation.The appropriate way to achieve what you are requiring is to have both your wills re…Read More
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Customer Emails started the topic Right of occupancy clause in a BFA in the forum Wills & Estate Planning Forum
….Lastly, we would like a clause in the BFA that if we buy a joint property (tenants in common) if one of us dies the other can remain in that property for as long as they choose to (ie the surviving person is not forced to sell).
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