‘Caveat’ is commonly linked to land restrictions and certificates of title, but when applied to a deceased estate, it relates to a person’s Will and is known as a ‘Caveat over Probate.’
When preparing a Will, you are required to choose an executor(s) who will be responsible for the administration of your estate.
In Australia, Testamentary Trusts have emerged as a valuable tool in estate planning that offers a range of benefits, including tax advantages, asset protection, and flexibility in managing your estate.