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Megan Grainger - Lawyer
Stacks/The Law Firm, Taree
Victoria St, Taree
Megan specialises in tax and estate planning, business set-up and succession, insolvency, and equity litigation for individuals and small business owners.
She helps her clients to put sound, balanced strategies into place to protect their wealth, assets and businesses for the long term.
Megan was admitted as a solicitor in 2005 after working part-time as a paralegal for over five years while studying for her degrees in law and mathematics. With Megan’s legal and mathematical training, she brings rigorous problem solving skills to her clients’ issues. She understands the emotional nature of estate planning and business succession, and offers empathy with well-thought out solutions.
Megan’s estate planning experience is supported by her experience in insolvency and equity litigation. Having seen the outcomes of ill-conceived wealth protection and business succession strategies, Megan understands how to anticipate and plan for unintended consequences.
She looks carefully at the elements impacting her clients’ plans and needs, and identifies a range of solutions that balance all the parties’ expectations. Megan tailors her advice very precisely for each client, and she documents the preferred solution in such a way to gain everyone’s commitment.
For example, when Megan assists combined and extended families with their often complex estate planning, she offers them alternative scenarios that balance all the family members’ interests.
She recently assisted a family with a multi-million dollar dairy farming business with their complex estate planning needs. Following negotiations with the family, their banker and accountant, Megan devised a number of alternative estate planning solutions for the family, all of which balanced the different needs of the adult children.
Recent updates
A person who had been successful in obtaining Letter of Administration for an estate had then been dishonest in his dealings with the assets of the estate. The beneficiaries had received nothing, and the funds were gone (including the proceeds of a sale of a house).
It would seem a pretty simple matter that the administrator (who fills the role of executor when there is no Will, or as in this case, where the executor of the Will had died) shoudl eb removed,a dn teh beneficiaries given the power to get the assets back.
In some ways it is that simple - but . . . the appointment of an executor or administrator by the Court is very serious, the appointment makes that person an officer of the Court and the Court does not release them lightly.
We finally received judgment in favour of the beneficiaries and are now setting about recovering the assets!
Whilst more involved then applying for Probate where there is a Will, they are usually pretty straight forward. Not in this case . . .
In this case there were no surviving spouse, children or parents . . . which means brothers and sisters were to inherit! However, out of this persons 5 siblings, 4 had already died - 2 within 2 weeks of him, one of those without a Will!
Well - what a mess!!!
Added to that one of the beneficiaries cannot be found!!!
I am very proud to say that we achieved administration for the family without the need to refer the matter to the NSW Trustee & Guardian, the estate has been administrated.
I was so proud of both myself and my team I even came back from maternity leave to see the end result with my own eyes!
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