Disputes involving promises about the future of the family farm are common and highlight the importance of succession planning.

A will is a legal document that primarily deals with the distribution of your assets upon your death. It names the persons who are authorised to administer your estate (your executors) and sets out who receives your assets and in what proportions (your beneficiaries).

Harwood Andrews is delighted to announce that Paul Gray and Kate Morris have been promoted to Principal in their Geelong and Melbourne offices respectively.

On 12 March 2018 the Medical Treatment Planning and Decisions Act 2016 commenced in Victoria.

A deceased person’s ‘estate’ includes assets such as property, bank accounts and investments. The deceased person may also have liabilities including a mortgage, credit cards or other loans that need to be repaid.

On 1 September 2015, the Powers of Attorney Act 2014 (The Act) introduced new civil and criminal penalties for misuse of an enduring power of attorney. The penalties include a fine of up to $91,000 or up to five years imprisonment.

The witnessing requirements for an enduring power of attorney have now changed.

The signing of an enduring power of attorney by the principal (the person giving the power) must be witnessed by two people

From 1 September 2015, a new type of power of attorney is now available - Supportive Attorney

From 1 September 2015, new powers of attorneys will come into effect in Victoria.

The second round of changes set out in the federal government’s Living Longer Living Better aged care reform package will commence on 1 July 2014.

The reforms aim to provide more choice, easier access and better care. However, there are concerns that many retirees will end up paying more for their admission to and ongoing care in aged care facilities, due to the changes in the way daily care fees will be means tested.  

It is important for people of all ages to plan for potential future incapacity. Incapacity can arise from illness or injury and can be temporary or permanent. If you lose capacity, your family will not have the ability to make financial, medical and lifestyle decisions on your behalf