Buying a home unit off the plan is not all that it seems. There are many risks involved which buyers may not be aware of.
There are a number of different ways a business or individual may choose to secure their interest in another business. The different methods and whether they are suitable or not depends on the nature of the transaction and the type of asset being secured against. For example: a loan for the purpose of purchasing a commercial property may be secured against that property by way of a mortgage.
One of the major benefits of setting up a Testamentary Trust in your Will, along with the significant tax benefits, is the protection afforded to the assets of the Testamentary Trust in a Family Law property settlement.
Do you struggle with debtors? Do you find people don’t pay your invoices on time Do you struggle with cash flow? Do you want to a cost-effective way to recover your debts?
On 7th September 2020 the Federal Government announced that they would be extending the Insolvency Relief measures that were legislated in March 2020 due to the Covid-19 pandemic.
The simple answer is yes provided that the marriage has broken down irretrievably.
This is the second article in our 4-part series on 'Preparing for the Precipice: a post JobKeeper economy.'
As you are aware the JobKeeper Payment in its current form will cease on 27th September 2020. However, on 21st July the Government advised that JobKeeper will be extended in a modified way with the end point now being 28th March 2021.
How important are your employees?
In an ageing and growing population with life expectancy increasing, it is becoming more and more crucial to test someone's decision-making capacity in the making of Wills. The foundational test for testamentary capacity is found in the case of Banks v Goodfellow (1870) LR 5 QB 549 which is a case from 150 years ago. In light of recent trends in the population and aged care living, it is essential to review whether the test set out in this case is still applicable, or whether a new test for capacity is needed to meet the current circumstances.