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Springwood Lawyers

https://sites.google.com/view/carolynrydersolicitor

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Springwood Lawyers

We're a boutique, female-led, Logan City law practice that specialises in working with family business owners. Led by our Principal Solicitor, Carolyn Ryder, we offer trusted business advice, property law, family law and estate planning services.

The de facto spouse will inherit everything if the deceased had no children. Where there are children, the de facto spouse will inherit a prescribed amount, and then share the residue of the estate with any children.

Many married couples own most of their assets jointly with the right of survivorship. When one spouse dies, the surviving spouse automatically receives complete ownership of the property. This distribution cannot be changed by Will.

A will can be handwritten on a single piece of paper or elaborately typed within multiple pages, depending on the size of the estate and preference of the testator. It must also be signed and dated by the testator in front of two “disinterested” witnesses, who must also sign.

A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.

Property owned by the deceased husband alone: Any asset that is owned by the husband in his name alone becomes part of his estate. Intestacy: If a deceased husband had no will, then his estate passes by intestacy. ... and also no living parent, does the wife receive her husband's whole estate.

If the deceased hadn't yet retired: Most schemes will pay out a lump sum that is typically two or four times their salary. If the person who died was under age 75, this lump sum is tax-free. This type of pension usually also pays a taxable 'survivor's pension' to the deceased's spouse, civil partner or dependent child.

https://sites.google.com/view/carolynrydersolicitor