Season 3 Ep. 6 Gifting Under Your Will

12 March 2025 The Vicca Law Podcast Season 3 Episode 6: Gifting Under Your Will In this week’s episode of The Vicca Law Podcast, the March theme of “Will Basics 101” continues with a clear and practical discussion on gifting under a Will. This episode breaks down the two primary ways assets are distributed: specific gifts and the residue of the estate. Listeners are guided through what constitutes a specific gift—such as cash, shares, jewellery, or sentimental family heirlooms—and when it is appropriate to separate particular assets from the broader estate. The episode then explores how the residue estate is typically distributed, including common structures such as gifting to a surviving spouse and then to children, as well as alternative approaches depending on family dynamics. It also touches on testamentary trusts as a more protective method of gifting and briefly addresses who can legally receive a gift under a Will. Importantly, the episode highlights the need for careful legal advice when structuring gifts, particularly where potential estate challenges may arise. Whether preparing a first Will or reviewing an existing one, this episode provides foundational guidance to ensure your wishes are clearly documented and legally effective. Don't forget to like, subscribe, follow and share The Vicca Law Podcast. Visit our website www.viccalaw.com.au. Ready to take the next step? Call us on 07 3184 9940 or visit our website www.viccalaw.com.au to book a FREE consultation. Don't forget to follow us on socials and keep up to date with the latest news: Instagram Facebook LinkedIn