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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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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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Buy Smarter, Not Harder: Top 3 Considerations for Buying Property with Someone
Buying a property with someone else is a great way to share the fun, stress, and cost of the venture. Often people buy a house with their significant other, to make a home or invest together. Others buy property with friends, relatives or business partners. Joining forces with someone else can increase your borrowing power, […]
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Making a digital estate plan and appointing a digital executor
Many people put off making a Will. Add the intricacies of technology and having to consider what happens to our digital life after we die, and it’s easy to understand how one might feel completely overwhelmed. However, as most of us continue to expand our online presence and accumulate a range of online accounts and […]
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A guide to buying commercial premises
A guide to buying commercial premises Buying a commercial property (such as a warehouse, office building or retail space) is more complicated than buying a residential property. There are complex contract terms, detailed planning information and additional legal and commercial implications if the premises are leased. In this article we set out some of the […]
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Do you have an SMSF? How to make sure your loved ones receive your super when you die
It’s hard to imagine the difference that one document, often only one page in length, could make to the distribution of your estate. It is a common misunderstanding that having a Will is all that is needed in estate planning. While a well-prepared Will is an essential part of any good estate plan, failing to […]
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