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A spouse contesting a Will
All jurisdictions in Australia provide statutory rights for eligible persons to contest a Will on the basis that they have not been left adequate provision by the will-maker for their proper maintenance, education and advancement in life. In Victoria, from 1 January 2015, an eligible person includes the following: a spouse or domestic partner of […]
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Do you have a business partner? Then you need a Partnership Agreement!
Do you have a business partner? Then you need a Partnership Agreement! A Partnership Agreement is a contract between all the partners in a business and outlines each partner’s duties and responsibilities, governs important matters that arise from the business, procedures for making business decisions and how to resolve disputes amongst partners. The relationship between business partners can deteriorate if […]
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The risks of being an executor – commissions and personal liability
The risks of being an executor – commissions and personal liability Are you an executor of a Will? Before administering the estate, you should understand that this role involves risks such as personal liability for the expenses of administering the estate. You also should be aware that you may be entitled to commission for your […]
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Dealing with restrictive covenants – Victoria
Dealing with restrictive covenants – Victoria Do you have a restrictive covenant that runs with your land and are wondering if you can prevent it from affecting your development plans? There are ways in which you can apply to have a restrictive covenant removed or modified. This article discusses the implications of restrictive covenants and […]
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Key considerations when selling your business
Key considerations when selling your business If you are thinking of selling your business, you should ensure you take time to prepare and carefully consider elements of the process, before committing to sell. There is a lot to organise and prepare when getting ready to sell your business. Below are some issues that you should consider […]
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When is a guarantee unenforceable?
When is a guarantee unenforceable? A guarantee is a binding promise by one person (the guarantor), to be answerable for the debt or obligation of another (the debtor) if the debtor defaults. Guarantees become enforceable by the person to whom the guarantee has been given (the creditor) when debtors have defaulted on their obligations. In […]
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How to keep your legal costs down – our top tips
How to keep your legal costs down – our top tips If your business is involved in a commercial dispute, your biggest concerns are likely to be the financial losses that your organisation and its officers could suffer, and the size of your legal bill. Commercial disputes can be disruptive, emotional and can exhaust resources […]
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FAQs on Estate Planning
While many people are unlikely to consider estate planning aka “thinking about what will happen to my assets when I die” as being at the top of their “life admin” list in reality, this is something that should be on all our “must do” lists. Proactively planning for how you would like your assets distributed […]
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5 Tips and Tricks for controlling business debtors
While growing your business, it can become easy to lose sight of effectively managing your debtors. However doing so, can help your business continue to grow successfully. In the current climate, post-COVID it is more important than ever to have a good debtor management plan in place. The information below are some recommended tips and […]
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Warning for property purchasers – Changes to Stamp duty from the State Revenue Office
If you are a new purchaser or a seasoned purchaser – you need to be aware that the State Revenue Office (SRO) can now impose duty on late settlement fees and penalty interest imposed by a Contract of Sale if you cannot settle on time. On 14 June 2022, the SRO announced that from 1 […]
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