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Estate Planning – Extinct Institutions in a Will

Estate Planning – Extinct Institutions and Charitable Purpose

In Hicks v Mater Misericordiae Ltd [2017] QSC 38, the Court had to consider whether a testator’s charitable gift in her will had failed its charitable purpose because of the institution’s closure after her death.

Facts

  • The testator left the residue of her estate to the ‘Medical Superintendent for the time being of the Mater Children’s Hospital in Brisbane for the purchase of medical equipment for the treatment of seriously ill children’
  • However after the testator’s death and before the distribution of her estate, the Mater Children’s Hospital’s public hospital functions were taken over by another children’s hospital

Decision

  • The court then had to consider whether the charitable purpose of this gift had failed because of the closure of the Mater Children’s hospital
  • However, the court established that the evidence allowed the residue of the testator’s estate to be applied as near as possible (cy-pres) to the objects of the defunct institution

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Contested Wills – Death Bed Wills

Capacity and Death Bed Wills
The case of McNamara v Nagel [2017] NSWSC 91 considered the issue of testator capacity in contested wills made upon the individual’s death bed.

Facts:

  • The contested will was made 15 days before the then 87 year old testator’s death
  • There was no evidence that the testator suffered from delusions, dementia or any other cognitive deficit before her death. However, she did have momentary periods of fever and delirium during the time in which the will was executed
  • The new will included significant changes from the testator’s previous will
  • It was argued that there was undue influence on the part of the principal beneficiary, as they were present when then testator gave instructions for the will

Despite there being evidence from the solicitor and another witness and conflicting expert evidence as to the testator’s capacity, the attack on the will failed and the testator was found to have capacity.

If you would like more information or advice in relation to a will dispute, contested wills or testamentary capacity you should consult a member of our Wills and Estate Planning Team.
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Will Disputes and Removal of Executors

Executors Not Easily Removed by Court
The case of Budulica v Budulica [2017] QSC 60 confirmed that that a testator’s choice of an executor will not flippantly be changed by the court when will disputes arise. The court suggested that there usually must be circumstances such as misconduct in administration to justify the removal of an executor. However, it was also suggested that even in light of misconduct in administration the court will consider relevant mitigating factors before exercising its discretion to remove an executor.

Such factors include:

  • An executors willingness to learn from its mistakes; and
  • The stage of administration of the estate

 

If you would like more information or advice in relation to will disputes you should consult a member of our Wills and Estate Planning Team.

Contact Mimi Su on (02) 9635 7966 or mimis@matthewsfolbigg.com.au

Contact Terry Doust (02) 9635 7966 or terryd@matthewsfolbigg.com.au

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Difference between joint tenancy and tenant in common important to consider in estate planning

The difference between a joint tenancy and tenant in common interest can be crucial when preparing your Will and to be considered as part of your overall estate plan.  It is important to understand the difference of the two.

A tenant in common holder can leave his or her interest by Will and a joint tenant cannot. This is because when the first of the joint tenant dies their interest passes to the surviving joint tenant.

For example for most married couples it is common that they have purchased property together as joint tenants.  If via each of their respective Will they are happy to leave that property to the survivor then there is usually no need to consider changing the joint tenancy.

If you are unsure as to how you hold your property or need specific estate planning advice then you should speak to one of our Wills & Estate Planning lawyers.

Questions/Assistance

If you would like more information about this article or if you would like any assistance in other estate planning area please feel free to speak with or email one of our specialist estate planning lawyers on (02) 9635 7966 or info@matthewsfolbigg.com.au
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Norwest Legal Office

The Hills area of Sydney is rapidly growing and recognizing this growth, Matthews Folbigg Lawyers has opened a legal office in the heart of Norwest to service the needs of private clients in this flourishing community. Located at 12/4a Meridian Place BELLA VISTA, private clients requiring assistance with matters relating to Personal Injury, Family law, Wills & Estate Planning and Property are now able to meet with a lawyer at Norwest simply by phoning for an appointment (9635 7966) and requesting to meet a lawyer at the Norwest office.

Matthews Folbigg is one of the largest law firms outside of the Sydney CBD and has specialist lawyers in Compensation Law, Family Law, Wills and Estate Planning and Property, available at Norwest by appointment. The personal injury lawyers at Matthews Folbigg have a reputation for maximising compensation claims and helping everyday people win and with over 50 years experience in compensation law, our lawyers can guide you through the actions you need to take on a NO WIN NO FEE BASIS.
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Immediate review of discretionary trust deeds required in light of NSW duty and land tax changes

Article by Mimi Su, Senior Associate

Introduction
As a result of the 2016 NSW State Budget the NSW Government has introduced two measures aimed at foreign investors purchasing or holding NSW residential land.

Firstly, a surcharge duty of 4% has been effective from 21 June 2016 and will apply to acquisitions of NSW residential land by foreign persons.  This surcharge is payable in additional to any other stamp duty payable on the transaction.

Additionally there is a 0.75% surcharge land tax that applies to foreign persons who are owners of NSW residential land as at 31 December in each calendar year and to commence from the 2017 land tax year.

Specific issue that it creates for discretionary trusts
The definition of who constitutes a “foreign person” for the purposes of these new measures are quite wide and takes the definition in the Foreign Acquisitions and Takeovers Act 1975.

The test applicable to whether a trust will be a foreign person for the purposes of these measures is to determine whether any foreign beneficiary of the trust holds a ‘substantial interest’ in the trust.
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Family Lawyer at Norwest

Private clients requiring family legal assistance now have an option to meet with a family lawyer at Norwest. Appointments at this office can be made by telephoning 9635 7966 and requesting a ‘Norwest appointment’.

Matthews Folbigg is one of the largest law firms outside of the Sydney CBD and has specialist lawyers working in Compensation law, Family law, Wills & Estate Planning and Private Client property matters. The Family Law practice group at Matthews Folbigg Lawyers includes 3 Accredited Specialists in Family Law. The Family Law practice group has grown to encompass a team of six family lawyers of a firm comprising more than 30 lawyers. The Family Law team work tirelessly and often unitedly drawing on each team members individual strengths, to ensure that the clients receive the best outcome possible. The family law team deals with a vast array of often complex family law matters including but not limited to; property settlement, parenting disputes, child custody and child support. Further, we have the valuable skills of Cathy-Anne Grew whom is one of our Senior Associates and a member of the Independent Children’s Lawyers Panel.
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COMPENSATION LAW ADVICE AT NORWEST

LEGAL OFFICE IN NORWEST

Private clients can get expert legal advice from Matthews Folbigg Lawyers. By APPOINTMENT ONLY, PRIVATE CLIENTS can now meet with a lawyer at the new NORWEST office of Matthews Folbigg located at 12/4a Meridian Place BELLA VISTA. Lawyers are available for appointment at the new office for matters relating to Compensation Law, FamilyLaw, Wills & Estate Planning and Property. Make an appointment  to meet a lawyer at Norwest by telephoning 9635 7966 and saying you want a ‘Norwest appointment’.

MATTHEWS FOLBIGG LAWYERS

Matthews Folbigg is one of the largest law firms outside of the Sydney CBD and has specialist lawyers working in Compensation law, Family law, Wills & Estate Planning and Private Client property matters. The Norwest law office of Matthews Folbigg is ‘open’ as from the commencement of December 2016.