Do-it-yourself wills are likely to be a false economy – usually far more is paid in costs to the legal profession to address problems with home-made wills, than would have been charged for professionally drafted documents.
This author has yet to write their bio.Meanwhile lets just say that we are proud dutchadmin contributed a whooping 23 entries.
Entries by dutchadmin
Clients invariably ask two very fair questions when we suggest a share or unitholder agreement: What does it do? Why not just vary the constitution or trust deed?
Increasingly, farming families are becoming involved in litigation after the death of a loved one. Careful succession planning can minimise conflict and ensure a smooth transition of farming assets to the next generation.
Succession planning needs careful thought by farming families. An orderly transition brings many benefits but the process has risks and needs specialised professional advice.
Any well-run business will almost certainly have done a “SWOT” analysis, identifying potential future problems and planning in advance how to deal with them.
Any individual can sign an “Advance Care Directive” or “Living Will” to record their personal wishes for medical treatment at the end of life. Although not a binding legal document, it may give guidance and comfort to others.
Parents of disabled children worry themselves needlessly about what will happen to their child when they die. There are legal strategies that can protect a disabled person, and ensure their financial future and other needs.
Personal guarantees from directors are almost universal when land is leased to a private company. However, a NSW Supreme Court decision shows the danger to both parties when they are not written carefully.
Medical advances and healthier lifestyles mean “baby boomers” will live longer than previous generations. Inevitably, this will mean many more of your senior clients may suffer from impaired mental faculties as a consequence of the ageing process. That lack of full mental acuity creates a “time bomb” for professionals who should be alert to the problem, and the potential for litigation by family members.
The High Court has given a useful judgement on the interpretation of discretionary trust deeds.