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Case Study: How a Power of Attorney Can Save You
Who will make medical or financial decisions for you if you are incapacitated? Losing capacity is not a topic many of us like to envisage. However, with proper planning you can ease the burden on family members and loved ones by being prepared. The importance of having a designated alternative decision maker is illustrated by […]
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Why Estate Planning Should Be On Your Christmas Wishlist
By Anna Thompson, Legal Assistant With the festive season quick approaching and celebration and holiday preparations being made, it is time to start thinking about presents for your loved ones. This year, think about giving a gift that benefits both you and your loved one: the gift of an estate plan. The Perfect Holiday Gift […]
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Why Every Parent Needs A Will
By Elizabeth Michael, Principal Lawyer and Notary Public As a parent, you want to do everything in your power to protect your children and ensure their wellbeing. One crucial step towards achieving this goal is to have a will in place that appoints guardians for your minor children. A will is a legal document that […]
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Why Drafting Your Own Will Is A Bad Idea
By Jordyn Nichols, Lawyer What is an Informal Will? An informal will is a document that sets out a person’s testamentary intentions but does not satisfy the legal requirements of execution under Section 7 of the Wills Act 1997 (Vic). There are a number of reasons why someone may choose to write their own will, […]
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The Importance of Estate Planning Before Capacity Becomes an Issue
We should all plan for our future. Certainly, we should all have a current will, especially those of us who need to make special arrangements for the care of children or pets. Many of us would also benefit from making a formal arrangement to account for a time when we could find ourselves unable to […]
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Just Sign Here… ‘Silent’ Directors Beware
If you have been asked to accept a position as a director of a company in which you have little or no involvement, think again. All too often spouses are appointed as a co-director of their partner’s company without understanding their full responsibilities as a director. This is commonly known as a ‘silent director’. While […]
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Deceased Estates – What Happens When Executors Don’t Agree?
When someone dies, their assets are usually distributed according to their will. The person responsible for managing and distributing these assets is the “executor” of the deceased estate. In some cases, a will appoints more than one person to act as executor, and these individuals normally need to work cooperatively to execute the duties of […]
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Managing Commercial Disputes – Key Steps and Processes
A commercial dispute occurs when two or more parties have a disagreement in relation to a business matter. While the subject of a commercial dispute varies, many arise due to a party’s alleged failure to perform contractual terms and conditions, which is why it is important to always seek legal advice before signing a business […]
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Succession Planning for Business Owners
As a business owner, you deal with many responsibilities, including having to decide what to do with your business when you move on. Sometimes the logical endgame for a business is to be wound up, but in most cases, the aim is a smooth transition to new ownership. This is particularly important if you plan […]
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Essential Considerations When Starting A Business
Starting a business can be exciting, but also overwhelming and challenging if you have not properly prepared for your new venture! This guide will take you through some essential considerations of starting a business. Business Plan Business plans are vital if you want your business journey to start on the right track! You don’t have […]
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