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Daniela Pavlovic

Deceased Estates – Commonly Asked Questions

Deceased Estates – Commonly Asked Questions

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.

Tougher penalties for abuse of Enduring Power of Attorney

Tougher penalties for abuse of Enduring Power of Attorney

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.

New powers of attorney

New powers of attorney

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

Aged Care Reforms

Aged Care Reforms

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.  

Planning for potential future incapacity

Planning for potential future incapacity

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