We had a new matter this week involving a contract for the sale of land. Our client is a company that owns a villa. The directors are a husband and wife. The husband thought the wife wished to sell, so he put the house on the market, an offer was made, and he signed the […]
Incomplete Sale of Land Read More »
We have been working on a new $11m deal for a new client – a contract to buy a piece of land and another contract for the construction of a hotel. We are setting up 2 new unit trusts – one to buy the land, the other to lease the land and obtain the hotel
We have been preparing some special purpose wills lately: Wills that make special provision for intellectually disabled children; and Wills that only allow the next generation to have the benefit of the income from the estate, with the capital going to the grandchildren. We have also prepared wills to give a schizophrenic son the benefit
Special Purpose Wills Read More »
Do you use a company to trade? Do you have the Australian Company Number for that company on your business card? What about your website? Did you know that it is a requirement under the Corporations Act that most documents issued by a company need to have its ACN published. If you, or anyone you
Corporate Compliance Read More »
What is estate planning all about? It’s about making adequate provision for those you leave behind. From a legal point of view this includes Wills, enduring powers of attorney, enduring powers of guardianship, and succession clauses in partnership, shareholder and unit holder agreements. For assistance with estate planning, see Michael Paterson & Associates.
What is Estate Planning? Read More »
We have helped a few clients set up companies recently. The last matter required a special class of share for 15% of the total shares issued. This entitled the holders to extra shares each time more shares were allotted to investors in return for capital, such that their original percentage of that class of shares
Exotic Share Class Read More »
Do you have a Privacy Policy? Does it comply with the 10 National Privacy Principles from the Commonwealth Privacy Act 1988? Did you know that those 10 National Privacy Principles, that apply to some businesses, are being replaced by the 13 Australian Privacy Principles next week on 12 March? If you, or anyone you know, has
We have been having fun obtaining letters of administration for the estate of a man from Lithuania. We have needed: certified copies and translations of Lithuanian birth and death certificates; explanations as to why the names differ on the certificates; and why the deceased transposed an “R” and an “N” in his surname on arriving
Letters of Administration in Lithuania Read More »
We spoke to an old client yesterday. She wanted help getting probate on her late mother’s will. We could have helped her do that, but her mother’s estate is only about $10,000.00 most of which is in a Bankwest bank account. We advised her that she would not need to obtain probate and we confirmed
When Probate isn’t Necessary Read More »
I saw a new client before my one week break. He’d been sacked out of the blue. It was clearly an unfair dismissal and he was under the Fair Work Australia $129,300 threshold, but he was paid 4 months’ salary in lieu of notice and the maximum payout is 6 months, less legal fees, so it
Employment Dispute Read More »