2 KEEPING YOU AHEAD OF THE GAME: Two-Part Series on Bank Accounts and Estate Planning Part 1: Joint Accounts in Estate Planning For many Queensland couples, a joint bank account feels like the obvious choice. One person may earn most of the income, the other may manage the household, and both may use the account to pay the mortgage, utilities, groceries and everyday bills. In the right circumstances, a joint account can be practical, efficient and entirely appropriate. In estate planning, however, convenience should never be confused with certainty. A joint account is commonly treated as being held with a right of survivorship. This means that when one account holder dies, the balance will usually pass automatically to the surviving holder, rather than under the deceased’s Will. For long-term couples with aligned wishes, that can be a positive outcome. It can give the survivor immediate access to funds, reduce short-term cash flow pressure and simplify day-to-day banking. The difficulty is that joint ownership can also create unintended consequences. If one spouse or partner has contributed most or all of the money, there may still be a belief within the family that the funds should ultimately be shared more broadly through the estate. In blended families, second relationships, or circumstances where children from a prior relationship are involved, a joint account can upset the intended estate distribution and create conflict. It may also affect Centrelink, tax and estate administration outcomes. The practical question is not just who uses the account, but who is legally intended to own the money. Couples should review whether a joint account reflects their true intentions, particularly where one person simply manages the bills or does the banking for convenience. Part 2 of this series explains how signatory arrangements differ, and why the distinction matters. Aylward Game Solicitors can assist with reviewing account structures, Wills and enduring powers of attorney so that convenience today does not create disputes tomorrow. To discuss your estate planning, contact Kauri Burgess at Aylward Game Solicitors. Aylward Game Solicitors 2/20 Grice Ave, Paradise Point QLD 4216 Email: mail@aylwardgame.com.au | Phone: 1800 217 217 see advertisement front cover Horoscopes May 2026 ARIES - May encourages you to slow the pace just enough to enjoy the moment. Early in the month, simple pleasures and small wins feel satisfying. Mid-month brings fresh ideas around money or plans, and by late May you’re chatting, connecting and back in your groove. TAURUS - It’s your time to shine, Taurus. May brings a gentle confidence boost and a sense of personal reset. Mid-month opens doors to new plans or goals, and by the end of the month you’re feeling more energised, social and ready to enjoy what you’ve set in motion. 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Creative ideas or simple pleasures lift your mood. Mid-month brings focus back to responsibilities, and by late May you’ve struck a nice balance between productivity and enjoying yourself. AQUARIUS - Home and personal space feel important in early May, helping you reset and recharge. Mid-month brings new ideas or conversations that spark interest. By late May, you’re back out and about, enjoying connection, movement and a change of scenery. PISCES - May starts with a busy but enjoyable pace, with conversations and small plans filling your days. Midmonth helps you refocus on priorities, and by late May things feel more settled, giving you time to relax and enjoy a calm, steady rhythm.
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