Want to learn more about testamentary trusts? In our blog below, KLD Legal will explain what they are, how they work, and why they might be a valuable tool for your estate planning.
Author: kd
Why Sole Company Directors or Shareholders Should Have a Will
When a person, unfortunately, passes away without making a will, this can cause unintended consequences for Sole Company Directors or Shareholders that they perhaps hadn’t contemplated. Below, we discuss the issues that are caused by not making a will.
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The Consequences of Not Having a Valid Will in Western Australia
Having a valid will is an essential part of planning for your and your family’s future. A will is a legal document that outlines how you want your assets to be distributed after your death. Failing to write a legally defined and valid will, will result in the distribution of your assets being governed by the laws of intestacy in WA.
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Using a Commercial Lawyer to Negotiate a Commercial Lease
As a potential tenant, renting a commercial property can be a significant investment for your business. It is important to understand the process of negotiating a commercial lease and to have a clear strategy in place to ensure you get the best deal possible. In this blog, we will provide you with tips and strategies to help you negotiate a commercial lease as a tenant, including the benefits of hiring a commercial lawyer. Continue reading “Using a Commercial Lawyer to Negotiate a Commercial Lease”
Should You Get Family Loans and Loans to Friends in Writing?
With interest rates rising and the cost of living being driven up, more and more Australians are considering taking loans from family members or friends in an attempt to skip the increased expenses of the banks. Continue reading “Should You Get Family Loans and Loans to Friends in Writing?”
Jointly or Co-owned Property Arrangements—How to Start and How to End Them
Buying a property with another person is a serious commitment. Even more so if a loan is taken out to buy the property. Co-owners are usually jointly and separately responsible for that loan, which may prevent them from moving on and buying another property. So how do you start and end a co-owned property arrangement? Continue reading “Jointly or Co-owned Property Arrangements—How to Start and How to End Them”
What To Do When a Family Member Contests a Will
Will’s are intended to be clear instructions as to how assets are divided after a death occurs. There are many different ways assets can be shared amongst remaining loved ones and this is decided by the deceased if they have made a Will. If the deceased has not made a Will, their assets are divided according to legislation.
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Commercial Tenancies (COVID-19 Response) Legislation in WA
New legislation in WA
Commercial landlords and tenants in Western Australia will need to come to grips with:
- The National Cabinet Mandatory Code of Conduct (Code).
- Commercial Tenancies (COVID-19 Response) Act 2020 (WA) (Act).
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Property Line Disputes: Tree Disputes Between Neighbours
Property disputes between neighbours over trees tend to come up when: branches overhang a neighbouring property; leaves and rotten fruit fall into a neighbouring property from a neighbour’s tree; or trees are growing too close to the fence line and damage the dividing fence and or the retaining wall.Each state in Australia has its own process for resolving these disputes. Western Australia has does not.
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How ‘Smart’ are Smart Contracts?
Smart contracts are described as ‘smart’ because they execute the terms of a contract on the occurrence of an event. The terms of the contract are reduced to computer code and the contract program runs itself and execute the terms.