What can (and cannot) be gifted in a will?

Estate planning involves careful consideration of what assets can and can't be gifted in a Last Will and Testament under Australian law. Real estate, personal property, financial assets, business interests, and even digital assets can typically be gifted. However, assets held in joint tenancy, superannuation, certain trust assets, illegal acquisitions, assets with specific designations, and some family provision claims have limitations. Seeking professional legal advice ensures that testamentary intentions align with legal requirements, allowing individuals to create comprehensive estate plans that protect assets and honor their wishes posthumously. Understanding these guidelines empowers testators to navigate estate planning complexities effectively.