When you are an executor or trustee, you have several vital tasks. From dealing with banks and share registries to coordinating with beneficiaries, you are the principal administrator of an estate. What’s more, a person’s Will might not specify an executor’s tasks or how they should handle particular issues. Not everyone is a wills and…
All established businesses, organisations, corporations, and institutions strive to live a life that can withstand the test of time, meaning that when one key figure leaves, another person should be ready to take up the mantle and run the show. That’s why succession planning is crucial, even for start-ups, since it’s responsible for securing your…
A Power of Attorney (POA) is a responsibility and authority you hand over to another party to act on your behalf to make personal or financial decisions concerning your assets or estate. This involves situations about your health care, financial agreements, and other needs. Essentially, it’s a legal document that certifies the party you choose…
Nothing is more disheartening than filing for bankruptcy. Upon confirmation, the bankrupt’s property vests in the trustee. If claiming bankruptcy within a marriage, the non-bankrupt spouse can protect the legal and equitable interests of the bankrupt trustee through family law. How to Begin a Property Proceeding Should a trustee become bankrupt, they can…
There are many types of binding financial agreements or BFAs available to parties, allowing those involved to protect their resources in various scenarios. However, most people aren’t aware of what happens to a BFA if one party dies, along with the circumstances in which they can set aside an agreement. BFAs are crucial for enabling…
The family merger law has been a hot topic since its proposal in 2018. The Federal Government proposed to turn Family Court as a standalone court, which involves the merging of the specialist Family Court of Australia with the Federal Circuit Court of Australia. However, many organisations were against the merger, yet the proponents of…
Child custody is already a pressing issue in today’s world, especially considering the legal parameters set around the topic of divorce and separation. It is in each parents’ best interest to decide on who gets to keep the children. Australian states always place the child’s interests at the forefront of any legal case in which…
What Role Does Superannuation Play in Divorce Settlements? There is nothing straightforward about facilitating a divorce. In some cases, you might even have to deal with the addition of a superfund transfer. When embarking upon your financial settlement, work closely with your family solicitor to clarify the complications that may arise with superannuation funds. The…
Best Practice for Determining Child Support Agreements Separation is a trying time for parents, who sometimes overlook the impact on their children. An essential practice of family law is coming up with a Child Support Agreement, which serves to maintain the children’s quality of life amid a separated family. If you remain financially obligated to…
In Queensland, employees looking to challenge an unfair dismissal must submit their claim to either the Fair Work Commission or the Queensland Industrial Relations Commission, depending on whether they work in the private or public sector, and this must be done within a 21-day timeframe. For a dismissal to be considered unfair, it needs to…
