Battle Over An Inheritance
Money Magazine Australia|February 2021
Where there’s a will, there’s sometimes an angry sibling and a legal challenge
Susan Hely
Battle Over An Inheritance

Disputing a will was once something mainly rich people did. But these days it is more common across the board. Law firms are openly spruiking services to contest a will with ads, such as “Left Out of a Will?”, popping up regularly. Some legal firms promise if you don’t win, you won’t have to pay legal fees or only pay a fixed fee.

Anna Hacker, national manager, estate planning, at Australian Unity Trustees legal services, says there is certainly more awareness about contesting a will. One reason is the rise in the value of the family home, resulting in a wealthier estate that is worth contesting.

Also, the definition of eligible people who can challenge a will has been expanded in some states. If a deceased person has a blended family, it means that multiple partners, either through marriage or de facto relationships, as well as children, stepchildren and grandchildren could be eligible to claim on the estate. Same-sex partners and also people who were living in a close relationship with the deceased at the time of their death – not related by family but providing domestic support or personal care – can make a claim in some states.

This story is from the February 2021 edition of Money Magazine Australia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the February 2021 edition of Money Magazine Australia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM MONEY MAGAZINE AUSTRALIAView All
Is the public market shrinking?
Money Magazine Australia

Is the public market shrinking?

Australia needs a healthy stock market to give companies access to funds and to allow retail investors to build wealth.

time-read
4 mins  |
March 2024
India: three steps to transformation
Money Magazine Australia

India: three steps to transformation

Massive investment and extensive reforms turbocharge the economy.

time-read
4 mins  |
March 2024
The ballet of business
Money Magazine Australia

The ballet of business

Changing direction, products, models and marketing is a hard task for a business. We chart what it takes to turn a business around, plus profile four successful pivots.

time-read
7 mins  |
March 2024
Save money and the planet
Money Magazine Australia

Save money and the planet

Could the high cost of living give us the incentive we need to reduce how much water and energy we use or waste? These eco-friendly household tips will help you do just that.

time-read
4 mins  |
March 2024
AI adoption is the new black
Money Magazine Australia

AI adoption is the new black

Artificial intelligence is set to reshape the commercial world, and small enterprises can’t afford to miss the boat.

time-read
3 mins  |
March 2024
Spam attack! Murky laws jam our inboxes
Money Magazine Australia

Spam attack! Murky laws jam our inboxes

Unwanted marketing material is one of the pain points of modern life.

time-read
5 mins  |
March 2024
From rags to riches in style
Money Magazine Australia

From rags to riches in style

Rich Tran sported a bowl cut until he was 14 years old and had no intention of becoming a hairdresser.

time-read
6 mins  |
March 2024
New work deals are killing the 'old' office
Money Magazine Australia

New work deals are killing the 'old' office

The Covid pandemic and the subsequent lockdowns accelerated the trend to more people working from home. It was a mixed experience.

time-read
4 mins  |
March 2024
Points taken: the truth about rewards
Money Magazine Australia

Points taken: the truth about rewards

Can hopping between credit cards really boost your frequent flyer haul and give you cheap or free travel - or is it doing more harm than good behind the scenes? Money puts it to the test.

time-read
3 mins  |
March 2024
Shortcuts to own a home
Money Magazine Australia

Shortcuts to own a home

Innovative ideas with a focus on low costs and sustainability could help solve the housing crunch.

time-read
4 mins  |
March 2024