In Queensland, Part 4 of the Succession Act 1981 makes certain persons eligible to make a family provision application (FPA), to seek adequate provision from a deceased person’s estate. These applications may be brought both where a Will exists and where the deceased died intestate (without a Will). Eligible Persons In Queensland, only particular persons can bring…
As most business owners are aware, it is common practice to trade under a ‘trading name’. Not to be confused with a legal name, a trading name relates to your business trading activities. This name can be anything (within reason) and commonly reflects the services or products which your business provides. However, some business owners…
A lease which is in a registrable form (a Titles Office Form 7 in Queensland), can be registered on the title for the property. Once registered, the lease is shown as an interest on title, noting the name of the tenant and the commencement and expiry dates, along with the next option term (if there is one). Registration…
Time for a quick ‘refresher’ on how ‘Cooling-Off’ works! You may (or may not) be aware that there is typically a ‘Cooling-Off Period’ in Queensland under most contracts for residential properties (when buying). The cooling-off period is not just 5 ordinary/calendar days, but 5 ‘business days’. A ‘business day’ is a day which is not…
If you die without a Will, you are said to have died ‘intestate’. If you die intestate, you don’t have a say over what happens with your estate assets when you pass away. What are the rules of intestacy?Certain default rules of succession apply to the estates of those who die intestate (without a Will)….
Selling your business is an important decision. It is important you have all the information you need when you decide to sell. Below are some things you might consider as part of your pre-sale preparation: 1. Method of Sale There are two main methods of sale. First is the sale of the business assets themselves (most common),…
Conveyancing is the process of transferring the legal title of a property from one person/entity to another. Commonly, this process is experienced when buying or selling a home. Many think the process is simple/straightforward/easy. It can, however, be pretty involved with so many moving parts. Having a great solicitor (and supporting conveyancing team) to guide you through the…