An executor is a person named in a will that is responsible for administering the deceased estate. The executor’s role is always to administer the estate in the best interests of the beneficiaries. In circumstances where the executor has deceased, unable or not willing to act, there are multiple avenues for the estate dependant on […]
What is a Binding Financial Agreement?
A Financial Agreement is an effective tool for couples in managing their estate planning. Financial Agreements allow couples to pre-determine what they quantify as a fair distribution of their finances and assets, in the event of a relationship breakdown, death of one party, or mental illness. What is a Financial Agreement? As mentioned above, a […]
Top Traps to Avoid When Buying a Property
Buying a home is the biggest investment or financial outlay that most of us will make in a lifetime. It is critical to your financial future that you make well-informed decisions when you purchase a property, whether it be for your own home or an investment. The Contract for Sale of Land basically follows the […]
Drink Driving and the Alcohol Interlock Program NSW
In New South Wales, driving after consuming alcohol is regulated by the Road Transport Act 2013 and the Road Transport (Alcohol and Drugs) Act 1977. These acts set out the legal framework for drink driving offences, prescribed blood alcohol concentration (BAC) limits, and the penalties associated with violating these limits. These offences are taken very […]
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 […]
FAQ on Estate Planning
While many people are unlikely to nominate estate planning aka “Thinking about what will happen to my assets when I die” as being on their “most wanted things to do” 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 […]