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Testamentary Trusts
Testamentary trusts can be very effective estate planning tools to assist in providing for spouses, children and grandchildren, and are becoming increasingly popular as more people become aware of their advantages. A Testamentary Trust is any trust established under a will, but the term is usually used in the context of a discretionary family trust […]
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Are you a director of an insolvent company?
During difficult economic conditions, it is important that all directors revisit their duties as directors and are aware of how the board should deal with the situation where a company is in financial difficulty and may be insolvent. What is insolvency? A company is deemed to be insolvent when it cannot pay its debts as […]
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Avoiding conveyancing traps
Conveyancing is the process involving the transfer of legal title of real property from one person to another. The conveyancing process is designed to ensure that the buyer obtains good and marketable title to the property together with all the rights that run with the property and is notified of any restrictions or rights in advance of their purchase. For […]
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Important changes to Vendor’s Statements
Anyone who sells land in Victoria is required to disclose certain information to the purchaser by providing a disclosure statement. This statement is commonly known as a “Vendor’s Statement” and must be provided to the purchaser before the purchaser signs a contract for sale. From the 1st October 2014 important changes have been made to […]
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Making Your Will Count – Healthy Will Checklist
It is important for everyone over 18 to have a will to make sure their wishes are followed and their assets are distributed as they would want after they die. If you don’t have a will your assets will be divided according to how the law dictates in the rules of intestacy, that is, when […]
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Important things to consider when buying a business
If you are considering buying a business there are many things you need to do from a legal, financial and general business perspective. Getting the right advice from the start is important. The structure of and issues involved in the sale are quite different if you are buying the business assets only, compared with the […]
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