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A decision by the Supreme Court of Victoria relating to testamentary capacity has some important lessons for advisers in the SMSF space, says a law firm. The decision, Re Maddock; Bailey v Maddock
A decorated Anzac war veteran tried to give more than $1 million worth of property and cash to a hairdresser in the months before he died. But the Supreme Court found the 97-year-old was not fit to alter his will.