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There's speculation an inheritance tax could be brought back in so the government would get a chunk of everyones assets. The idea has its merits but I and most people wouldn't be in favour of it. Though if times get tough some unpopular decisions might have to be made.
Robert Holmes a Court. Robert Holmes a Court was Australia?s first billionaire and achieved national notoriety with his take over offer for BHP Billiton. He died in his early 50?s without a will whilst his children were young. His assets were distributed in accordance with the law of intestacy. His wife received one third of his estate and his four children received the remaining two thirds. Family Confidential ABC Episode 4: The Holmes ? Courts
Hi
A Testamentary trust setup for my 2 nephews and a niece. I hope they enjoy it!
Regards,
alicudi
My children, but the plan is to give most of the assets well before dropping off the perch. They dont need it when they are old
just curious how many of the people who responded used a lawyer to draft the will and how many used those DIY kits.
My children, but the plan is to give most of the assets well before dropping off the perch. They dont need it when they are old
I just lost my maternal grandfather a few months ago at 106 years old. Still independent and hunting rabbits until 104 when he lost his gun license.
It's interesting to see the number of SSers who don't have a will.
I know of someone who sadly passed away without a will. She earned more than her husband; her husband now controls all her properties etc, as he is the next of kin. Meanwhile her parents are struggling to pay their bills. The husband has started a new family within a few months of her passing away and the woman's parents are wondering how to approach their widowed son-in-law for a small fraction of her estate (even a tiny fraction like 1% would enable them to live more comfortably).
I personally think they are not entitled to anything unfortunately, because of the lack of will, but would be interested to know what other SSers think? Unless the husband gave his in-laws a small something due to compassion - but legally I don't think he has to give them anything??